Taiwan Inflation April 2019

Taiwan

Taiwan: Inflation inches up again in April

May 7, 2019

Consumer prices rose 0.75% in April from the previous month, contrasting the 0.62% decline logged in March. The print came on the back of higher prices for garments—due to the introduction of the new spring and summer collections—as well as vegetables and fuels and lubricants. On the other hand, the price of eggs and fruits fell in the month.

Inflation increased from 0.6% in March to 0.7% in April, and annual average inflation ticked down to 0.9%, from 1.0% in March. Core consumer prices, which exclude prices for energy, fruits and vegetables increased 0.62% month-on-month, contrasting March’s 0.71% fall. Lastly, core inflation inched up 0.5% in March to 0.6% in April.

The government expects inflation to average 0.7% in 2019. FocusEconomics panelists expect inflation to average 0.9% in 2019, which is unchanged from last month’s forecast, and 1.2% in 2020.


Author:, Economist

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Taiwan Inflation April 2019

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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