Taiwan Inflation March 2016


Taiwan: Inflation eases in March following February's three-year high

April 8, 2016

Consumer prices in March dropped 0.63% over the previous month, which contrasted with February’s three-year-high 1.95% increase. According to the Directorate-General of Budget, Accounting & Statistics (DGBAS), the reading reflected lower prices for nursing care and entertainment following the end of the Lunar New Year Festival.

Inflation dropped from 2.4% in February to 2.0% in March. Meanwhile, the annual average variation in consumer prices edged up from 0.1% in February to 0.3% in March. March’s print is the highest reading in 10 months.

Core consumer prices, which strip out prices for electricity and fresh food, dropped 0.86% in March, contrasting with the 1.03% increase tallied in February. Meanwhile, core inflation remained steady in March at the 0.8% reading tallied in February.

The government foresees inflation of 0.7% in 2016. FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.8% in 2016, which is unchanged from last month’s forecast. For 2017, the panel sees inflation rising to 1.3%.

Author: Jean-Philippe Pourcelot, Economist

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Taiwan Inflation Chart

Taiwan Inflation March 2016

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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