Consumer prices in Taiwan fell 0.16 percent year-on-year in January of 2021, after increasing 0.06 percent in December and against market expectations of a 0.04 percent rise. Main downward pressure came from prices of transportation & communication (-0.53 percent), namely fuels & lubricants (-10.17 percent) and communication fees (-0.52 percent). Costs also decreased for education & entertainment (-2.59 percent) and miscellaneous (-1.37 percent). On a monthly basis, consumer prices were up 0.51 percent, after increasing 0.17 percent in the previous month. source: Directorate-General of Budget, Accounting and Statistics, Taiwan
Inflation Rate in Taiwan averaged 3.94 percent from 1960 until 2021, 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 March of 2021.
Inflation Rate in Taiwan is expected to be 2.90 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 2.10 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 2.20 percent in 2022 and 2.30 percent in 2023, according to our econometric models.