Taiwan Inflation March 2022

Taiwan

Taiwan: Inflation comes in at highest level since August 2012 in March

April 8, 2022

Consumer prices increased 0.31% in March over the previous month, after February's flat result. Looking at the details of the release, the change in prices for food was broadly stable in March relative to February. In contrast, prices for housing grew at a faster pace. Meanwhile, transportation prices accelerated.

Inflation came in at 3.3% in March, which was up from February’s 2.3%. March's result marked the highest inflation rate since August 2012, and was driven by higher international fuel prices, as well as cold weather at home affecting food prices. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.5% in March (February: 2.3%).

FocusEconomics Consensus Forecast panelists see inflation averaging 2.1% in 2022, which is up 0.3 percentage points from last month’s forecast. For 2023, the panel projects inflation to average 1.6%.


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Taiwan Inflation March 2022 0

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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