Wholesale prices in Taiwan increased to 1.19 percent in March 2019 from 0.8 percent in the previous month. Prices advanced further for manufacturing products (0.57 percent from 0.2 percent in February), namely petroleum & coal (4.03 percent from -0.74 percent); electrical equipment (2.45 percent from 1.95 percent) and miscellaneous (4.50 percent from 4.12 percent). Also, cost of agriculture, forestry, fishing & animal husbandry dropped less (-0.44 percent from -4.56 percent), of which farm products (0.72 percent from -4.71 percent) and poultry & livestock (1.83 percent from -3.08 percent). Meanwhile, cost of quarrying & mining slowed (10.04 percent from 12.11 percent), mostly crude petroleum & natural gas (11.04 percent from 12.90 percent) and quarrying products & other mining products (7.92 percent from 10.44 percent). On a monthly basis, wholesale prices went up 0.44 percent, after a 0.2 percent gain in the prior month. Producer Prices Change in Taiwan averaged 0.25 percent from 1982 until 2019, 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 6.40 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 6.50 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.