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Taiwan's CPI in May down 0.73%

Taiwan's CPI in May down 0.73%

Taipei, June 5 (CNA) The local consumer price index (CPI) for May fell 0.73 percent from a year earlier, reflecting lower fuel costs resulting from a plunge in international crude oil prices, government statistics showed Friday. The year-on-year decline in the May CPI came after a 0.82 percent drop in April, marking the fifth consecutive month for local consumer prices to register a fall, the data indicated. The May CPI, however, rose 0.24 percent from a month earlier, and after seasonal adjustments, local consumer prices for last month also rose 0.06 percent month-on-month, the Directorate General of Budget, Accounting and Statistics (DGBAS) said. In the first five months of this year, the local CPI fell 0.66 percent from a year earlier, the DGBAS added. (By Frances Huang)


Updated : 2021-09-22 03:21 GMT+08:00