Taiwan's annual inflation rate edged up to 0.43 percent in August of 2019 from a revised 0.38 percent in the previous month, missing market consensus of 0.69 percent. Prices advanced faster for food (2.35 percent vs 1.67 percent in July); miscellaneous goods & services (0.78 percent vs 0.11 percent) and household appliances (0.12 percent vs 0.03 percent) while clothing cost declined at a softer pace (-0.80 percent vs -1.21 percent). On the other hand, prices slowed for housing (0.47 percent vs 0.56 percent in July) and entertainment (0.48 percent vs 1.12 percent) while cost declined for transport & communication (-2.44 percent vs -1.35 percent) and water, electricity & gas supply (-0.93 percent vs 0.01). On a seasonally adjusted monthly basis, consumer prices went down 0.07 percent, following a 0.02 percent decrease in July. Inflation Rate in Taiwan averaged 4.03 percent from 1960 until 2019, reaching an all time high of 61.47 percent in March of 1974 and a record low of -3.09 percent in October of 1970.
Inflation Rate in Taiwan is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Taiwan to stand at 0.80 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.