Financial News: Taiwan Inflation Eases To 2.14%, More Than Forecast

Taiwan Inflation Eases To 2.14%, More Than Forecast

04/09/2024 - 04:44:00 (RTTNews)

(RTTNews) - Taiwan consumer price inflation eased more-than-expected in March from a 19-month high in the previous month, data released by the Directorate General of Budget, Accounting, and Statistics showed on Tuesday.

The consumer price index, or CPI, rose 2.14 percent year-on-year in March, slower than the 3.08 percent rise in February. Economists had forecast inflation to moderate to 2.51 percent.

Food inflation eased to 3.82 percent from 4.49 percent. Housing costs also increased at a faster pace of 1.90 percent versus a 2.02 percent rise seen in February.

On a monthly basis, consumer prices moved up 0.26 percent in March after a 0.15 percent increase in the prior month.

Data also showed that producer prices rose 0.34 percent annually in March, after a 0.13 percent gain a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

German Automotive Industry Less Pessimistic On Outlook - Ifo (01 hr(s), 30 min(s), 08 sec(s) ago)
(RTTNews) - Confidence among companies in Germany's automotive industry improved in April thou ...Full Story»

Indonesian Inflation Slows Slightly To 3.0% (01 hr(s), 32 min(s), 08 sec(s) ago)
(RTTNews) - Indonesia's consumer price inflation eased marginally in April after rising in the ...Full Story»

Italy Producer Prices Continue To Fall (02 hr(s), 14 min(s), 08 sec(s) ago)
(RTTNews) - Italy's producer prices continued to decline sharply in March, data from the stati ...Full Story»

Russian Manufacturing Activity Signals Solid Expansion (02 hr(s), 34 min(s), 08 sec(s) ago)
(RTTNews) - Russia's manufacturing activity continued to expand strongly in April amid robust ...Full Story»

Swiss Inflation Rises To 1.4%, Highest In 4 Months (03 hr(s), 12 min(s), 08 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation increased more-than-expected in April to th ...Full Story»

India Manufacturing Growth Remains Strong On Robust Demand (04 hr(s), 55 min(s), 08 sec(s) ago)
(RTTNews) - India's manufacturing activity expanded at the second-fastest pace in three-and-a- ...Full Story»

Japan Consumer Confidence Weakens Unexpectedly (06 hr(s), 11 min(s), 08 sec(s) ago)
(RTTNews) - Japan's consumer sentiment decreased unexpectedly in April to the lowest level in ...Full Story»

European Economic News Preview: Eurozone Final Factory PMI Due (06 hr(s), 46 min(s), 08 sec(s) ago)
(RTTNews) - Final factory Purchasing Managers' survey from the euro area is the major report d ...Full Story»