Taiwan's consumer price inflation slowed to 0.06 percent in December 2020, from 0.09 percent in the previous month and below market expectations of 0.15 percent. Prices increased at a softer pace for food (0.32 percent vs 0.40 percent in November) and miscellaneous (0.71 percent vs 1.08 percent), while cost declined for transportation & communication (-1.27 percent vs -1.49 percent) and education & entertainment (-0.87 percent vs -0.67 percent). Meanwhile, inflation picked up for clothing (1.17 percent vs 0.42 percent), housing (0.39 percent vs 0.35 percent), and health (0.55 percent vs 0.49 percent). Considering 2020 as a whole, the CPI decreased 0.23 percent, with the index for commodity falling 0.78 percent and the index for service rising 0.21 percent. source: Directorate-General of Budget, Accounting and Statistics, Taiwan

Inflation Rate in Taiwan averaged 3.95 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 January of 2021.

Inflation Rate in Taiwan is expected to be 0.70 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 1.50 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 2.20 percent in 2022, according to our econometric models.

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Taiwan Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.06 0.09 61.47 -3.09 1960 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 08:00 AM Sep -0.58% -0.32% -0.3% -0.2%
2020-11-05 08:00 AM Oct -0.24% -0.58% -0.24% -0.1%
2020-12-08 08:00 AM Nov 0.09% -0.24% -0.1% 0.0%
2021-01-07 08:00 AM Dec 0.06% 0.09% 0.15% 0.1%
2021-02-05 08:00 AM Jan 0.06% -0.3%
2021-03-09 08:00 AM Feb 0.5%
2021-04-08 08:00 AM Mar
2021-05-06 08:00 AM Apr


News Stream
Taiwan Inflation Rate Unexpectedly Slows in December
Taiwan's consumer price inflation slowed to 0.06 percent in December 2020, from 0.09 percent in the previous month and below market expectations of 0.15 percent. Prices increased at a softer pace for food (0.32 percent vs 0.40 percent in November) and miscellaneous (0.71 percent vs 1.08 percent), while cost declined for transportation & communication (-1.27 percent vs -1.49 percent) and education & entertainment (-0.87 percent vs -0.67 percent). Meanwhile, inflation picked up for clothing (1.17 percent vs 0.42 percent), housing (0.39 percent vs 0.35 percent), and health (0.55 percent vs 0.49 percent). Considering 2020 as a whole, the CPI decreased 0.23 percent, with the index for commodity falling 0.78 percent and the index for service rising 0.21 percent.
2021-01-07
Taiwan CPI Unexpectedly Rises in November
Taiwan's consumer prices edged up 0.09 percent year-on-year in November 2020, rebounding from a 0.24 percent fall in the previous month and beating market expectations of a 0.1 percent decline. Upward pressure came from food (0.40 percent), mostly meats, cereal & cereal products, vegetables and fish & seafood; housing (0.35 percent) due to residential rent; clothing (0.45 percent); health (0.49 percent); and miscellaneous (1.05 percent) on the back of personal effects and services for nursery & nursing care. Meanwhile, transportation & communication cost dropped 1.48 percent and prices for education & entertainment fell 0.66 percent.
2020-12-08
Taiwan Deflation Extends for 9th Month
Consumer prices in Taiwan fell 0.24 percent year-on-year in October of 2020, in line with market forecasts and marking the 9th straight month of deflation. Main decreases were seen in prices of fuel and lubricants (-15.96 percent); fruits (-8.79 percent); water, electricity and gas (-4.04 percent); entertainment (-2.17 percent), mainly due to hotel charges. In contrast, transportation fees rose 5.67 percent due to airfares, and prices of personal effects went up 4.09 percent, due to precious metals ornaments and jewellery. For the first ten months of 2020, the CPI decreased 0.30 percent.
2020-11-05
Taiwan CPI Falls More than Expected
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.
2020-10-08

Taiwan Inflation Rate
In Taiwan, the consumer price index consists of 7 categories: Food (23.7 percent of the total weight), Housing (22.7 percent), Transportation & communication (15.3 percent), Education & entertainment (14.72 percent), Miscellaneous goods & services (14.67 percent), Clothing (4.6 percent) and Medicines & medical care (4.3 percent).