Listen to this article
Consumer prices in Taiwan edged up in March following a contraction in the previous month as the price of fuels and lubricants jumped.Source: Directorate-General of Budget, Accounting and Statistics
Taiwan’s consumer price index rose 0.18 per cent year on year in March, according to the Directorate-General of Budget, Accounting and Statistics. This came in below economists’ estimates compiled by Bloomberg of a 0.75 per cent rise. Consumer prices contracted slightly in February down 0.07 per cent (previously 0.04 per cent).
Food prices fell 1.72 per cent year on year, with the largest drop coming from vegetables, which fell 38.34 per cent over that period. Fuels and lubricants jumped 15.63 per cent year on year but were down 1.89 per cent compared to February. Tobacco and betel nut prices rose 5.32 per cent year on year, up 2.32 per cent on the previous month.
Wholesale prices rose 1.84 per cent year on year in March, coming in below economists’ estimates of a 2.3 per cent increase. Wholesale prices for rose 2.19 per cent in February (previously 2.39 per cent)