Taiwan Inflation March 2021

Taiwan

Taiwan: Inflation decreases in March

April 8, 2021

Consumer prices fell 0.59% in March over the previous month, contrasting the 0.49% increase recorded in February. March's result marked the sharpest fall in prices since February 2020. The decline was driven by moderating price pressures for housing and transportation. In addition, prices for education and entertainment dropped.

Inflation ticked down to 1.3% in March, from February’s 1.4%. Accordingly, the trend pointed up mildly, with the annual average variation of consumer prices coming in at minus 0.2% in March (February: -0.3%).

Our panelists project inflation to average 1.2% in 2021, which is up 0.1 percentage points from last month’s forecast, and 1.2% in 2022.


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Taiwan Inflation March 2021

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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