Taiwan Inflation April 2022

Taiwan

Taiwan: Inflation increases in April to nearly-decade high

May 6, 2022

Consumer prices rose 0.76% in April over the previous month, picking up from March's 0.32% rise. April's uptick was the highest reading since June 2020. The result was largely due to rising prices for food amid bad weather, and higher clothing prices.

Inflation ticked up to 3.4% in April from March’s 3.3% amid elevated fuel and food prices. April's reading was the highest inflation rate since August 2012. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.6% in April (March: 2.5%).

FocusEconomics Consensus Forecast panelists see inflation averaging 2.4% in 2022, which is up 0.3 percentage points from last month’s forecast. For 2023, the panel projects inflation to average 1.5%.


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Taiwan Inflation April 2022

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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