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Financial News: Taiwan Inflation Slows More Than Forecast

Taiwan Inflation Slows More Than Forecast

04/10/2018 - 05:53:00 (RTTNews)

(RTTNews) - Taiwan's consumer price inflation eased at a faster-than-expected pace in March, figures from the Directorate General of Budget, Accounting and Statistics showed Tuesday.

Consumer prices climbed 1.57 percent year-on-year in March, slower than the 2.19 percent increase seen in February. Inflation was forecast to slow to 1.65 percent.

On a monthly basis, consumer prices decreased 0.98 percent at the end of the first quarter.

Data also showed that wholesale prices rose 0.46 percent annually in March, reversing a 0.23 percent drop in the previous month. Compared to February, wholesale prices decreased 0.19 percent.

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