Taiwan: Inflation comes in at highest level since February 2018 in April
Consumer prices rose 0.64% in April over the previous month, contrasting March’s 0.59% drop. April’s result was the sharpest increase in prices since June 2020. The figure was largely driven by rising prices for clothing and fuel.
Inflation came in at 2.1% in April, up from March’s 1.2% and aided by a highly favorable base effect. April’s reading represented the highest inflation rate since February 2018. The annual average variation of consumer prices rose to 0.1% in April (March: -0.2%).