The annual inflation rate in Taiwan increased to 1.85% in January of 2020 from 1.13% in December, above market expectations of 1.25%. It is the highest inflation rate since April of 2018, due to the effects of the Chinese New Year holiday. Biggest price increases were seen for services for nursery and nursing care (29.2%), due to New Year's pay raise convention, fruits (14.9%), vegetables (13%), fuels and lubricants (6.7%), entertainment (4.6%) and personal effects (3%), mainly precious metals ornaments and jewellery. On the other hand, downward pressure came from cost of eggs (-17.1%) and communication fees (-6.6%). On a monthly basis, consumer prices edged up 0.11%, after a 0.25% rise in December.
Inflation Rate in Taiwan averaged 4.01 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.
Inflation Rate in Taiwan is expected to be 1.30 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 1.20 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 1.70 percent in 2021 and 2.50 percent in 2022, according to our econometric models.