The annual inflation rate of Taiwan inched up to 3.39 percent in May of 2022 from 3.38 percent in the previous month, beating market expectations of 3.3 percent. It was the highest inflation rate since August of 2012, amid a pickup in prices of food (7.40 percent vs 6.91 percent in April), housing (2.03 percent vs 1.78 percent) and health (1.23 percent vs 0.88 percent). Meanwhile prices eased for clothing (2.57 percent vs 2.82 percent), transport and communication (4.59 percent vs 5.01 percent), education and entertainment (1.00 percent vs 1.17 percent) and miscellaneous items (0.92 percent vs 1.50 percent). At the same time, the core inflation quickened to 2.60 percent from 2.53 percent in April. On a seasonally adjusted monthly basis, consumer prices rose 0.32 percent, slowing from a 0.39 percent advance in the previous month. source: Directorate-General of Budget, Accounting and Statistics, Taiwan
Inflation Rate in Taiwan averaged 3.91 percent from 1960 until 2022, reaching an all time high of 61.45 percent in March of 1974 and a record low of -3.09 percent in October of 1970. This page provides the latest reported value for - Taiwan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Taiwan Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Inflation Rate in Taiwan is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Inflation Rate is projected to trend around 1.00 percent in 2023, according to our econometric models.