Wholesale prices in Taiwan fell 3.44 percent year-on-year in August of 2019, unchanged from the previous month. It was the largest decline in wholesale prices since September of 2016, as cost fell for manufacturing (-3.53 percent vs -3.71 percent in July); mining & quarrying (-7.46 percent vs -3.23 percent) and for water, electricity and gas supply (-0.04 percent vs 1.13 percent). On a monthly basis, wholesale prices rose 0.49 percent, after decreasing 0.62 percent in July. Producer Prices Change in Taiwan averaged 0.23 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 -0.60 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 0.90 in 12 months time. In the long-term, the Taiwan Wholesale Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.