Financial News: Taiwan Inflation Rises To 2.24%, Highest In 3

Taiwan Inflation Rises To 2.24%, Highest In 3 Months

06/06/2024 - 06:55:00 (RTTNews)

(RTTNews) - Taiwan consumer price inflation accelerated in May to the highest level in three months amid a rise in food costs, data released by the Directorate General of Budget, Accounting, and Statistics showed on Thursday.

The consumer price index, or CPI, rose 2.24 percent year-on-year in May, faster than the 1.94 percent rise in April. Economists had forecast inflation to climb to 2.20 percent.

Food inflation increased to 3.43 percent from 2.58 percent. Housing costs also increased at a faster pace of 2.32 percent versus a 2.07 percent rise seen in April.

On a monthly basis, consumer prices rose a seasonally adjusted 0.17 percent in May after a 0.09 percent increase in the prior month.

Data also showed that producer price inflation accelerated to 2.73 percent from 2.14 percent in April.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Atlanta Fed Sees U.S. Q3 GDP Growth At 2.8% (07 hr(s), 34 min(s), 50 sec(s) ago)
(RTTNews) - The Atlanta Fed released its initial estimate for the third quarter growth based on it ...Full Story»

U.S. Consumer Sentiment Index Dips Slightly Less Than Previously Estimated In July (09 hr(s), 25 min(s), 50 sec(s) ago)
(RTTNews) - The University of Michigan released revised data on Friday showing consumer sentiment ...Full Story»

U.S. Consumer Prices Inch Up 0.1% In June, In Line With Estimates (10 hr(s), 22 min(s), 50 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Spain Jobless Rate Lowest Since 2008 (10 hr(s), 36 min(s), 50 sec(s) ago)
(RTTNews) - Spain's unemployment rate fell to the lowest level in nearly 16 years in the secon ...Full Story»

Denmark Retail Sales Fall 0.1% (10 hr(s), 44 min(s), 50 sec(s) ago)
(RTTNews) - Danish retail sales decreased slightly in June after recovering in the previous month, ...Full Story»

Hungary Jobless Rate Falls To 4.3% (11 hr(s), 0 min(s),50 sec(s) ago)
(RTTNews) - Hungary's unemployment rate decreased slightly during the April-June period, data ...Full Story»

U.S. PCE Price Index Inches Higher In June, Annual Growth Slows To 2.5% (11 hr(s), 09 min(s), 50 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Russia Central Bank Hikes Rate By 200 Bps (11 hr(s), 22 min(s), 50 sec(s) ago)
(RTTNews) - Russia's central bank raised its benchmark rate by 200 basis points on Friday amid ...Full Story»