Taiwan: Inflation increases in April to nearly-decade high
Consumer prices rose 0.76% in April over the previous month, picking up from March’s 0.32% rise. April’s uptick was the highest reading since June 2020. The result was largely due to rising prices for food amid bad weather, and higher clothing prices.
Inflation ticked up to 3.4% in April from March’s 3.3% amid elevated fuel and food prices. April’s reading was the highest inflation rate since August 2012. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.6% in April (March: 2.5%).