Wholesale prices in Taiwan slumped 9.09 percent year-on-year in August of 2020, after falling 9.15 percent in the previous month. It was the softest decline in wholesale prices since March. Prices decreased less mostly for mining & quarrying products (-28.23 percent vs -32.19 percent in July); petroleum and coal products (-25.65 percent vs -28 percent); chemical material, other chemical products & pharmaceuticals (-15.85 percent vs -16.54 percent); and basic metals (-8.12 percent vs -9.03 percent). On a monthly basis, wholesale prices went up 0.50 percent, after increasing 0.14 percent in the prior month.
Producer Prices Change in Taiwan averaged 0.04 percent from 1982 until 2020, reaching an all time high of 11.85 percent in October of 2004 and a record low of -13.99 percent in July of 2009. This page provides - Taiwan Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Wholesale Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.
Producer Prices Change in Taiwan is expected to be -6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Taiwan to stand at 1.50 in 12 months time. In the long-term, the Taiwan Wholesale Prices Change is projected to trend around 2.00 percent in 2021, according to our econometric models.