Taiwan: Inflation jumps to highest level in more than a year
April 7, 2014
Consumer prices rose 0.19% over the previous month in March, which contrasted the 0.39% decrease observed in February. The reading reflected higher prices for fresh food, particularly for fruits and vegetables.
Inflation accelerated in March and jumped to 1.6% (February: 0.0% year-on-year), which represented the highest level since February 2013. The result overshot the 1.0% rate expected by the market. Annual average inflation stabilized at February's 0.5% in March; the lowest level since September 2010.
Core consumer prices-which do not consider prices for fresh food and energy-added 0.02% over the previous month in March (February: -0.28% month-on-month), which pushed annual core inflation to 1.0% (February: -0.2% yoy).
FocusEconomics Consensus Forecast panelists expect inflation to average 1.5% in 2014, which is unchanged from last month's forecast. For 2015, the panel sees inflation increasing to 1.7%.
Author: Ricardo Aceves, Senior Economist