CPI Taiwan Growth to Ease in May - Ta Chong Bank

        0109 GMT [Dow Jones] Taiwan's CPI growth will likely slow in May owing to easing food and oil prices after hitting its fastest in more than a year in April. And low inflation means Taiwan's central bank will likely stay accommodative for most of this year, economists say. Rising food prices--which account for 25% of the CPI basket--lifted it 1.65% on year in April following March's 1.61% increase. It will rise between 1.10% and 1.30% year over year in May, Ta Chong Bank economist Woods Chen says. "Wholesale prices of meat and vegetables started to fall in April. That will likely dampen CPI growth in May." Recent declines in oil and gas prices also likely helped drive consumer prices lower, he says. (fanny.liu@wsj.com)
        (END) Dow Jones Newswires

        May 05, 2014 21:09 ET (01:09 GMT)