Taiwan April CPI Likely Up to 1.70% on Year

        0339 GMT [Dow Jones] Taiwan's April CPI likely picked up further due to higher food prices, but remained below the government's inflation target of 2.00%, economists say. April's CPI likely rose 1.70% on-year, which would be the fastest growth since Feb 2013 (+2.96%), vs a 1.61% increase in March, according to median forecast of 11 economists in a Wall Street Journal survey. "Sharp rises in prices of food, meat and rice in April likely offset lower prices of vegetables, natural gas and communication fees," Yuanta Polaris Research Institute economist Lai Yi-sin says. Taiwan's wholesale price index is likely to rise 0.90% in April following a 0.15% increase in March, the poll shows. The government is scheduled to release April data at 0030 GMT on Tuesday. (fanny.liu@wsj.com)
        (END) Dow Jones Newswires

        May 01, 2014 23:39 ET (03:39 GMT)