The Directorate General of Budget, Accounting and Statistics says Taiwan's consumer price index in May exceeded the 2 percent alert level set by the central bank ... largely due to a spike in crude-oil prices.
CPI rose by 2.2 percent from a year earlier last month, accelerating from a 1.73 percent increase in April. It's the first time Taiwan's inflation has breached 2 percent since last April.
The DGBAS says communications and transportation prices rose 4 percent from a year earlier, after fuel prices surged 20 percent, with air ticket prices gaining 10 percent on higher fuel surcharges.
That's the highest growth in about four and a half years for those segments.
The prices of vegetables, eggs and fishery items gained 9.7 percent, 7.9 percent and 4 percent, respectively, in May.
In aggregate, food prices rose 1.4 percent.
A DGBAS official said air-fuel surcharges will be cut from June 7, which is expected to moderate air-ticket price growth.
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