Taiwan: Inflation rises in April
May 16, 2012
In April, consumer prices added 0.94% over the previous month, which was above the 0.11% rise recorded in March. The monthly increase mainly reflected a sharp rise in prices for clothing. As a result, annual headline inflation increased from 1.2% in March to 1.4% in April, slightly overshooting market expectations of 1.3%. The core inflation index, which excludes volatile categories such as fresh food and energy, added 0.86% over the previous month. As a result, annual core inflation stepped up from 0.7% in March to 0.9%. Finally, annual average headline inflation remained unchanged for a second consecutive month at 1.4%. The government expects inflation to average 1.9% this year.