Wholesale prices in Taiwan decreased to 3.25 percent year-on-year in November 2018 from 5.95 percent in the previous month. It was the lowest producer inflation rate since April, as cost of agriculture, forestry, fishing & animal husbandry fell (-3.8 percent compared to 0.5 percent in October). Additionally, prices eased for water, electricity & gas supply (3.3 percent compared to 3.9 percent) and manufacturing products (2.4 percent compared to 4.3 percent), namely chemical material, other chemical products & pharmaceuticals (3.1 percent compared to 9.3 percent). On a monthly basis, wholesale prices declined 2.0 percent, after rising 0.2 percent in the prior month. Producer Prices Change in Taiwan averaged 0.25 percent from 1982 until 2018, 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.
Producer Prices Change in Taiwan is expected to be 5.60 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 6.60 in 12 months time. In the long-term, the Taiwan Wholesale Prices Change is projected to trend around 6.90 percent in 2020, according to our econometric models.