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.