Taiwan: Drop in annual consumer prices eases in May
June 5, 2015
Consumer prices in May rose 0.24% over the previous month, which followed April’s 0.47% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected increases in the prices of fuels and lubricants as well as prices for water, electricity and gas supply that were partly offset by a decrease in prices for fruits, meats and eggs. In addition, prices of clothing fell.
Annual consumer prices dropped 0.7% in May, which was a more moderate decline compared to April’s 0.8% decrease. The figure matched market analysts’ expectations. Annual average inflation fell from April’s 0.6% to 0.5% in May.
Core consumer prices, which strip out prices for electricity and fresh food, fell 0.05% in May over the previous month, contrasting April’s 0.53% rise. Core inflation fell from April’s 0.7% to 0.6% in May.