Taiwan Inflation April 2018

Taiwan

Taiwan: Inflation picks up in April on higher energy prices

May 8, 2018

Consumer prices increased 0.64% from the previous month in April, contrasting the 0.97% month-on-month fall recorded in March. The increase was mainly driven by higher prices for garments and fruits, as well as for fuels and lubricants.

Inflation accelerated to 2.0% in April, up from 1.6% in March. Annual average inflation, meanwhile, rose to 1.0% from 0.8% a month earlier.

Core consumer prices, which exclude prices for energy, fruits and vegetables, increased 0.47% on a month-on-month basis in April, again contrasting the 0.89% fall recorded in March. Core inflation slowed to 1.3%, down from 1.5% in March.

The government expects inflation to average 1.2% in 2018. FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel sees inflation averaging 1.3%.


Author:, Economist

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Taiwan Inflation April 2018

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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