Taipei, Taiwan's consumer price index (CPI) for May rose 1.64 percent from a year earlier largely due to a spike in tobacco and fuel prices, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Tuesday.
The growth in May also represented a fall from the 2.00 percent year-on-year increase seen in April, data compiled by the DGBAS showed.
On a month-to-month basis, the local CPI fell 0.25 percent in May and after seasonal adjustments was down by 0.26 percent, the data indicated.
After excluding fruit, vegetables and energy, core CPI for May rose only 0.95 percent from a year earlier, the DGBAS said, adding that the latest figures for core CPI showed inflation remained stable.
In May, the price of tobacco rose 36.10 percent from a year earlier in the wake of an increase in taxes on related items, while fuel prices, boosted by rising international crude oil prices, increased 19.97 percent year-on-year, the DGBAS said.
Food prices in May rose 1.79 percent from a year earlier with the price of eggs, cooking oil and dairy products up 8.26 percent, 3.95 percent and 2.97 percent, respectively, year-on-year, the DGBAS added.
A year-on-year fall of 9.25 percent and 2.21 percent in fruit and vegetable prices, respectively, prevented food prices from rising even higher, according to the DGBAS.
The cost of a basket of 17 government-monitored household necessities, including rice, pork, bread, eggs, sugar, cooking oil, shampoo and toilet paper, rose 3.15 percent from a year earlier in May compared with a 2.93 percent year-on-year rise in April, the DGBAS said.
The wholesale price index (WPI) for May rose 5.61 percent from a year earlier, reflecting price increases in oil, coal, base metals, chemical goods and drugs in the month, the agency said.
The DGBAS said the local import price index rose 8.69 percent from a year earlier in Taiwan dollar terms and 9.71 percent in U.S. dollars, while the export price index added 3.71 percent in Taiwan dollars, and rose 4.69 percent in U.S. dollars.
In the first five months of this year, the local CPI rose 1.66 percent from a year earlier with the core CPI up 1.40 percent and the WPI up 1.53 percent year-on-year, the DGBAS added.
Source: Focus Taiwan News Channel