Taiwan Inflation

Taiwan

Taiwan: Inflation slows to lowest level in more than a year

May 6, 2013

In April, consumer prices rose 0.60% over the previous month, which contrasted the 1.43% price drop recorded in March. According to the Directorate General of Budget, Accounting & Statistics (DGBAS) the monthly increase was mostly the result of higher prices for clothing as well as for vegetables.

Annual headline inflation slowed down from 1.4% in March to 1.0% in April, below market expectations, which had inflation reaching 1.2%, and marking the lowest level seen since February 2012. Meanwhile, the core inflation index - which excludes volatile categories such as fresh food and energy - rose 0.5% in March, prompting annual core inflation to decrease from 1.2% in March to 0.9%.

FocusEconomics Consensus Forecast panellists expect inflation to average 1.6% in 2013, which is down 0.1 percentage points from last month's forecast. Next year, the panel sees inflation inching up to 1.8%.


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Taiwan Inflation Chart


Taiwan Inflation April 2013

Note: Monthly and annual variation of consumer price index in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS) and FocusEconomics calculations.


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