Taiwan inflation hits 1.74% in April due to rising energy costs

Taiwan's inflation accelerated to 1.74% in April, primarily due to a significant increase in energy costs. Bank of America reported the rise, noting energy prices jumped 10.8% year-over-year. Goods inflation also climbed, while core inflation saw a slight decrease. The bank anticipates inflation may approach 2% in May, influenced by global oil prices and domestic fuel policies.