Taiwan Inflation April 2017

Taiwan

Taiwan: Inflation edges down in April

May 5, 2017

In April, consumer prices increased 0.27% over the previous month, which marked a rebound from the 0.37% drop recorded in March. The price increase was driven by higher prices for leisure, clothing and footwear outstripping declines in prices for food, fuels and lubricants.

Inflation was at 0.1% in April, inching down from the 0.2% recorded in March and disappointing market expectations of 0.5% inflation. Moreover, annual average inflation dropped from 1.2% in March to 1.0% in April.

Core consumer prices, which exclude prices for electricity and fresh food, swung from a 0.06% month-on-month decrease in March to a 0.71% increase in April. Core inflation was stable in April at March’s 1.0%.

The government expects inflation to average 0.8% in 2017. FocusEconomics Consensus Forecast panelists expect inflation of 1.4% in 2017, which is unchanged from last month’s forecast. For 2018, the panel also sees inflation averaging 1.4%.


Author:, Economist

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Taiwan Inflation Chart


Taiwan Inflation April 2017

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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