Wholesale prices in Taiwan increased 0.75 percent year-on-year in January of 2019, slowing from an 0.83 percent rise in the previous month. It is the lowest wholesale inflation rate since March, as cost eased for crude petroleum and natural gas (5.99 percent compared to 9.05 percent). Also, inflation was steady for manufacturing (0.3 percent, the same as in December) and prices continued to fall for agriculture, forestry, fishing & animal husbandry (-1.86 percent compared to -4.87 percent). On a monthly basis, wholesale prices declined 0.33 percent, after falling 1.85 percent 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 6.50 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.