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.