Taiwan Inflation April 2020

Taiwan

Taiwan: Consumer prices dragged lower in April

May 6, 2020

Consumer prices decreased 0.20% in April compared with the previous month, following March’s 0.45% dip. The fall was spearheaded by lower transport costs—predicated upon markedly lower fuel costs due to historically low oil prices—with food, education and housing costs also ticking lower in the month. Clothing prices, however, increased markedly in April, softening the overall decline somewhat.

Core consumer prices, which exclude prices for energy, fruits and vegetables, increased 0.33% lower in April in month-on-month terms, having decreased 0.04% in March.

In year-on-year terms, consumer prices declined 1.0% in April, having remained unchanged in March. Lastly, annual average inflation inched down to 0.5% from 0.6% in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.2% in 2020, which is down 0.4 percentage points from last month’s forecast. In 2021, the panel sees inflation averaging 0.9%.


Author:, Economist

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Taiwan Inflation April 20 20

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


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