Taiwan's consumer prices dropped 0.76 percent from a year earlier in June 2020, following a revised 1.21 percent decline in the previous month and compared to market expectations of a 0.87 percent fall. Downward pressure came mostly from transportation & communication (-5.64 percent vs -8.53 percent) on the back of fuels & lubricants (-21.75 percent vs -35.28 percent), communication fees (-4.05 percent vs -4.63 percent) and transportation fees (-2.36 percent vs -2.04 percent), and from education & entertainment (-1.48 percent vs -1.73 percent) due to entertainment expenses (-3.05 percent vs -3.52 percent). On the other hand, food prices were little-changed (-0.04 percent vs 0.30 percent), while increases were recorded for clothing (1.52 percent vs 0.76 percent), health (1.24 percent vs 1.08 percent), housing (0.10 percent vs 0.0 percent) and miscellaneous (0.95 percent vs 0.87 percent).
Inflation Rate in Taiwan averaged 3.98 percent from 1960 until 2020, 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. This page provides the latest reported value for - Taiwan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Taiwan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Inflation Rate in Taiwan is expected to be 0.90 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 2.50 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 1.70 percent in 2021 and 2.50 percent in 2022, according to our econometric models.