Cathay Gold today released the results of the “National Economic Confidence” survey in March, showing that 52.2% of the public expect the inflation rate to be higher than 2% a year later, which is 9.1 percentage points lower than the survey in September 2022. Inflation expectations for 2019 have cooled.

(Photo provided by Cathay Gold)

[Reporter Wu Xintian/Taipei Report] Cathay Pacific Gold released the results of the March "National Economic Confidence" survey today. 52.2% of the people expected that the inflation rate will be higher than 2% in one year, which is 9.1 percentage points lower than the survey in September 2022. , showing that the public's inflation expectations for the next year are cooling.

Cathay Gold’s survey this month shows that the business climate outlook index dropped to -8 from 0.2 in February, the current situation index dropped to -20.1 from 8.9 in February, and the willingness index for large-scale consumption also dropped slightly from 8.9 in February to 7.1.

Please read on...

In terms of housing transaction surveys, the housing willingness index dropped slightly from -20.6 in February to -21.7, and the housing willingness index rose slightly from -54.1 in February to -52.7.

In addition, the public's average expectation for Taiwan's economic growth rate in 2023 is 2.2%, the same as last month; while the average inflation expectation for 2023 is 2.4%, slightly higher than last month's 2.3%. % of people expect inflation to be higher than 2% in 2023.

Cathay Gold pointed out that the results of recent international economic data have raised the expectation of central bank tightening in major regions, and the international stock market has fluctuated in a range.

The survey results showed that the public's optimism index for Taiwan stocks fell to 3.1 from 11 in February, and the risk appetite index fell slightly to 10.2 from 10.5 in February.

The topic of current affairs is to survey the public's expectations for the price level and inflation rate in the next year. The results show that 52.2% of the people expect the inflation rate to be higher than 2% in one year, which is less than the previous survey in September 2022. 9.1 percentage points; 42.8% of the public believed that inflation fell in the 0-2% range, an increase of 9.1 percentage points from the previous survey.

Cathay Gold pointed out that, on the whole, people’s inflation expectations for the next year are cooling.

The public judged the main factors for the rise and fall of prices in the next year. 41.9% of the public believed that the most important factors were changes in the prices of consumer goods such as food, vegetables and fruits, and toilet paper. The price of imported raw materials such as steel will affect the rise and fall of prices, and 11.4% of the public judge based on current and past inflation.

Cathay Gold said that it can be found that most people mainly judge the price rise and fall trend in the next year based on the prices of consumer goods that are most directly related to daily life and have high purchase frequency.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news