Monday, 4 June 2012

Taiwan May CPI Likely Up 1.45% On-Year - Poll


PREVIEW: Taiwan's May CPI likely rose 1.45% on-year from a 1.44% rise in April, according to a Dow Jones poll of 10 economists. They say falling oil prices likely helped offset food-price increases. Polaris Research Institute strategist Lai Yi-sin says although wholesale prices of vegetables rose more than 40% in May and fruit prices also recovered, declines in "fuel product prices and communication fees, combined with a high base of comparison, probably offset consumer inflation." Taiwan's consumer prices rose 1.66% on-year in May last year, due to increases in clothing, food and oil prices. The government will release May inflation data Tuesday at 0030 GMT.

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