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%.
Author: David Ampudia, Economist