The annual inflation rate in Taiwan fell to 0.31 percent in November 2018 from 1.17 percen in October and below market expectations of 0.9 percent. It was the lowest inflation rate since October last year, as cost dropped for food (-0.5 percent from 1.5 percent in October), namely vegetables (-22.6 percent); clothing (-1.1 percent from 1.7 percent) and education & entertainment (-0.1 percent from 0.1 percent). Also, prices slowed for housing (0.7 percent from 0.9 percent); transportation & communication (0.7 percent from 2.5 percent); and miscellaneous goods & services (1.9 percent from 2.9 percent); Meantime, inflation was steady for health (at 0.9 percent, the same as in October). Annual core inflation, which excludes fruits, vegetables and energy was at 0.7 percent, the same as in the prior month. On a monthly basis, consumer prices went down 0.6 percent, after rising 0.1 percent in October. Inflation Rate in Taiwan averaged 4.08 percent from 1960 until 2018, 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 1.50 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 1.80 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.