Taiwan: Inflation increases in May
Consumer prices rose 0.15% in May from the previous month, down from the 0.75% increase logged in April. The print was largely driven by higher prices for fruits and vegetables, caused by heavy rainfall in the month, while conversely the price of communications and garments fell, offsetting some of the overall increase.
Inflation increased from 0.7% in April to 0.9% in May, and annual average inflation was stable at April’s 0.9%. Core consumer prices, which exclude prices for energy, fruits and vegetables decreased 0.17% month-on-month, contrasting April’s 0.62% rise. Lastly, core inflation was stable at 0.6% in May.