Consumer prices up 0.59 percent in May

Taipei--Taiwan's consumer price index (CPI) for May rose more than half a percent from a year earlier mainly because of price increases for fishery and dairy products and services, the government said on Tuesday.

The Directorate-General of Budget, Accounting and Statistics (DGBAS) said the CPI in May was up 0.59 percent year-on-year, but core inflation, which excludes the prices of fruit, vegetables and energy, was up 1.11 percent.

For the first five months of the year, the CPI was up 0.60 percent year-on-year and core inflation was 0.97 percent.

In May, the prices of fishery and dairy products, meat, fuel, health care and services were all higher than a year earlier but those increases were partially offset by year-on-year falls in the prices of vegetables, fruit, and consumer electronic products.

Prices in May were similar to those in April, rising 0.10 percent, mainly because Mother's Day and the Dragon Boat Festival fell during the month, leading people to buy gifts that pushed prices slightly higher than a month earlier.

Source: Focus Taiwan News Channel