Taiwan Inflation


Taiwan: Drop in annual consumer prices accelerates in April

May 5, 2015

Consumer prices in April rose 0.48% over the previous month, which contrasted March’s 0.22% fall. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading mainly reflected increases in the prices for garments and services for entertainment. In contrast, prices for water, electricity and gas fell.

Annual consumer prices dropped 0.8% in April, which was below March’s 0.6% decrease. The decrease was below market analysts’ expectations of a 0.6% drop. As a result, annual average inflation fell from March’s 0.9% to 0.6% in April.

Core consumer prices, which strip out prices for electricity and fresh food, rose 0.55% in April over the previous month, contrasting March’s 0.80% fall. Core inflation fell from March’s 1.0% to 0.7% in April.

The government expects inflation to average 0.91% in 2015. FocusEconomics Consensus Forecast panelists expect inflation to average 0.2% in 2015, which is down 0.4 percentage points from last month’s forecast. For 2016, the panel sees inflation increasing to 1.5%.

Author: Angela Bouzanis, Senior Economist

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Taiwan Inflation Chart

Taiwan Inflation April 2015

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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