Taiwan: Inflation softens in May
June 6, 2018
Consumer prices decreased 0.25% from the previous month in May, contrasting the 0.64% month-on-month increase recorded in April. The fall was mainly driven by lower prices for communication fees, garments and fruits.
Inflation fell to 1.6% in May, from 2.0% in April. Annual average inflation, meanwhile, rose to 1.0% from 0.8% a month earlier.
Core consumer prices, which exclude prices for energy, fruits and vegetables, fell 0.31% on a month-on-month basis in May, again contrasting the 0.47% increase recorded in April. Core inflation slowed to 1.0% in May, from 1.3% in April.
Author: Joffrey Simonet, Economist