Taiwan's annual inflation rate stood at 0.23 percent in February 2019, little-changed from the previous month's 0.20 percent and slightly below market expectations of 0.30 percent. Upward pressure came from food (0.87 percent vs 0.85 percent in January), housing (0.85 percent vs 0.69 percent), miscellaneous (0.48 percent vs 0.50 percent) and health (0.73 percent vs 0.89 percent). Meanwhile, education & entertainment costs were virtually unchanged (0.03 percent vs 0.36 percent), while prices fell for transportation & communication (-1.41 percent vs -1.58 percent) and clothing (-1.35 percent vs -1.63 percent). On a seasonally adjusted monthly basis, consumer prices increased 0.51 percent in February, reversing a 0.14 percent decline in January. Inflation Rate in Taiwan averaged 4.06 percent from 1960 until 2019, reaching an all time high of 61.47 percent in March of 1974 and a record low of -3.09 percent in October of 1970.
Inflation Rate in Taiwan is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Taiwan to stand at 0.70 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.