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.
Author: Joffrey Simonet, Economist