Taiwan: Inflation rises timidly in March following holiday-related drop
April 6, 2017
In March, consumer prices decreased 0.37% over the previous month, following the 0.36% drop recorded in February. The price drop was driven by lower prices for fresh food, fuels and leisure.
Inflation was just 0.2% in March, which marked a mild rebound from the 0.1% drop in consumer prices in February, and disappointed market expectations of 0.5% inflation. Prices fell in February due to calendar and seasonal effects related to the Lunar New Year holiday. Moreover, annual average inflation inched down from 1.3% in February to 1.2% in March.
Core consumer prices, which exclude prices for electricity and fresh food, edged down 0.06% from the previous month in March, which followed the 0.45% drop in February. Core inflation jumped from 0.2% in February to 1.0% in March.
Author: Ricardo Aceves, Senior Economist