Taiwan: Inflation jumps in March
April 18, 2012
In March, consumer prices added 0.08% over the previous month, which contrasted the 1.35% drop recorded in February. The monthly figure reflected how higher prices in most categories were nearly offset by a sharp drop in prices for clothing. Annual headline inflation jumped from 0.2% in February to 1.2% in March, which came in broadly in line with market expectations. The core inflation index, which excludes volatile categories such as fresh food and energy, declined 0.18% over the previous month. Nevertheless, annual core inflation rose from minus 0.1% in February to 0.7% in March. Finally, annual average headline inflation remained unchanged at February's 1.4%. The government expects inflation to average 1.3% this year.