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Financial News: Taiwan Inflation Eases In May

Taiwan Inflation Eases In May

06/05/2018 - 07:06:00 (RTTNews)

(RTTNews) - Taiwan's consumer price inflation eased in May after accelerating in the previous month, figures from the Directorate General of Budget, Accounting and Statistics showed Tuesday.

Consumer prices climbed 1.64 percent year-over-year in May, slower than April's 2.0 percent rise, which was revised up slightly from 1.98 percent. The expected inflation was 2.0 percent.

Food prices grew 1.79 percent annually in May and housing costs went up 1.15 percent. Meanwhile, clothing prices dropped 0.52 percent.

On a monthly basis, consumer prices dropped 0.25 percent in May, mainly because prices of communication fees, fruits, and garments.

Data also showed that wholesale prices increased 5.61 percent yearly and by 1.62 percent monthly in May.

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