Consumer prices in Taiwan registered the third consecutive month of fall in April, declining 0.45% year-on-year, after a 0.15% drop in March, the Directorate General of Budget, Accounting and Statistics said Tuesday. Economists expected consumer prices to rise 0.48%.
At the same time, consumer prices increased 0.78% month-on-month in April, following a 0.11% rise in the preceding month.
Meanwhile, the wholesale price index or WPI dropped 10.99% year-on-year in April compared to 9.2% fall in March. On a monthly basis, the WPI slipped 0.54% in April, following a 0.12% decline in the previous month.
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