Taiwan Inflation March 2017

Taiwan

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.

The government expects inflation to average 0.8% in 2017. FocusEconomics Consensus Forecast panelists expect inflation of 1.4% in 2017, which is unchanged from last month’s forecast. For 2018, the panel also sees inflation averaging 1.4%.


Author:, Senior Economist

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Taiwan Inflation March 2017 0

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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