Taiwan's consumer prices went down 0.58 percent from a year earlier in September of 2020, following a downwardly revised 0.32 percent decrease in the prior month and compared with market expectations of a 0.3 percent drop. It was the eighth consecutive month of deflation, led by prices of transportation & communication (-3.33 percent vs -3.75 percent in August), of which fuels & lubricants (-16.49 percent vs -15.03 percent); food (-0.73 percent vs 0.17 percent) and education & entertainment (-1.44 percent vs -1.39 percent). In addition, inflation slowed for clothing & footwear (1.45 percent vs 1.79 percent); miscellaneous (0.91 percent vs 1.52 percent); health (0.62 percent vs 0.72 percent) and housing (0.22 percent vs 0.24 percent). On a monthly basis, consumer prices went up 0.1 percent, little-changed from a downwardly revised 0.16 percent increase in August.
Inflation Rate in Taiwan averaged 3.96 percent from 1960 until 2020, 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. 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 October of 2020.
Inflation Rate in Taiwan is expected to be -0.30 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 1.60 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 1.50 percent in 2021 and 2.20 percent in 2022, according to our econometric models.