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Taiwan March Inflation Below Expectations

Taiwan's consumer prices increased less than economists expected in March, data released by the Director-General of Budget, Accounting and Statistics showed Thursday.

The consumer price index increased 1.21 percent on an annual basis in March, slower than the 1.32 percent growth economists forecast.

Food prices advanced 3.10 percent year-on-year, while clothing prices moved up 2.91 percent. There was a 1.05 percent annual growth in housing costs during the month, and a 2.02 percent decrease in transportation and communication costs.

On a monthly basis, consumer prices moved up 0.08 percent in March. In the three months ended March, prices rose 1.26 percent from the corresponding period a year earlier, the agency said.

Meanwhile, the wholesale price index decreased 0.11 percent year-on-year in March, while economists expected the index to rise 0.22 percent. Month-on-month, wholesale prices edged up 0.48 percent during the month.

by RTTNews Staff Writer

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