The annual inflation rate in Taiwan increased to 0.66 percent in April 2019 from 0.58 percent in the previous month and below market forecasts of 0.81 percent. Prices rose further for housing (0.93 percent from 0.90 percent in March); and education & entertainment (1.22 percent from 0.22 percent). Additionally, cost of transportation & communication dropped less (-0.21 percent from -0.70 percent). On the other hand, prices slowed for food (1.33 percent from 1.44 percent); miscellaneous goods & services (0.35 percent from 0.66 percent); and health (0.65 percent from 1.05 percent). Also, cost of clothing declined at a faster pace (-1.87 percent from -0.65 percent). Annual core inflation, which excludes fruits, vegetables and energy went up 0.59 percent, after rising 0.47 percent in the prior month. On a monthly basis, consumer prices advanced 0.15 percent, following a 0.1 percent gain in March. Inflation Rate in Taiwan averaged 4.05 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 0.80 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 1.00 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.