Consumer prices in Taiwan fell further by 1.19% year-on-year in May of 2020, after a downwardly revised 0.96% decrease in the prior month and compared with market consensus of a 0.80% decrease. It was the fourth consecutive month of deflation and marked the steepest decline in consumer prices since November of 2009, amid the continued impact of the coronavirus pandemic. Main downward pressure came from transportation & communication (-8.53% vs -8.54% in April), namely fuels & lubricants (-35.28% vs -35.50%); and education & entertainment (-1.69% vs -1.79%). In addition, inflation slowed mostly for food (0.30% vs 1.27%), pushed down by vegetables (-14.92%); housing (0.04% vs 0.15%) and clothing (0.74% vs 1.68%). Conversely, prices advanced faster for health (1.08% vs 0.94%) and miscellaneous (0.87% vs 0.62%). On a monthly basis, consumer prices dropped 0.12%, following a 0.72% decrease in the previous month.

Inflation Rate in Taiwan averaged 3.99 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 July of 2020.

Inflation Rate in Taiwan is expected to be -1.60 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Taiwan Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.19 -0.96 61.47 -3.09 1960 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 08:00 AM Feb -0.21% 1.85% 0.3% 0.2%
2020-04-08 08:00 AM Mar -0.01% -0.21% 0.13% 0.1%
2020-05-06 08:00 AM Apr -0.97% -0.03% -0.55% -0.9%
2020-06-05 08:00 AM May -1.19% -0.96% -0.8% -1.2%
2020-07-07 08:00 AM Jun -1.19% -0.87% -1.6%
2020-08-06 08:00 AM Jul
2020-09-08 08:00 AM Aug
2020-10-05 08:00 AM Sep 0.9%


News Stream
Taiwan Consumer Prices Fall for 4th Month
Consumer prices in Taiwan fell further by 1.19% year-on-year in May of 2020, after a downwardly revised 0.96% decrease in the prior month and compared with market consensus of a 0.80% decrease. It was the fourth consecutive month of deflation and marked the steepest decline in consumer prices since November of 2009, amid the continued impact of the coronavirus pandemic. Main downward pressure came from transportation & communication (-8.53% vs -8.54% in April), namely fuels & lubricants (-35.28% vs -35.50%); and education & entertainment (-1.69% vs -1.79%). In addition, inflation slowed mostly for food (0.30% vs 1.27%), pushed down by vegetables (-14.92%); housing (0.04% vs 0.15%) and clothing (0.74% vs 1.68%). Conversely, prices advanced faster for health (1.08% vs 0.94%) and miscellaneous (0.87% vs 0.62%). On a monthly basis, consumer prices dropped 0.12%, following a 0.72% decrease in the previous month.
2020-06-05
Taiwan Consumer Prices Fall the Most since 2009
Consumer prices in Taiwan slumped 0.97 percent year-on-year in April of 2020, after an upwardly revised 0.03 percent decrease in the previous month and compared with market expectations of a 0.55 percent fall. It was the third consecutive month of deflation and the steepest decline in consumer prices since November of 2009. Main downward pressure came from prices of transportation & communication (-8.56 percent vs -4.31 percent in March), namely fuels & lubricants (-35.50 percent vs -16.96 percent), amid the continued oil price crisis prompted by the Covid-19 pandemic. On the other hand, inflation slowed for food (1.27 percent vs 1.61 percent) and housing (0.15 percent vs 0.45 percent). On a seasonally adjusted monthly basis, consumer prices went down 0.72 percent, the most since January of 2015, following an upwardly revised 0.27 percent decrease in the prior month.
2020-05-06
Taiwan Consumer Prices Fall for 2nd Month
Consumer prices in Taiwan edged down 0.01 percent year-on-year in March of 2020, following a 0.21 percent decrease in the prior month and against market expectations of a 0.13 increase. It was the second consecutive month of deflation. Main downward pressure came from prices of transportation & communication (-4.29 percent vs -2.29 percent in February), namely fuels & lubricants (-16.96 percent vs -4.18 percent), hit by falling global oil prices and the coronavirus pandemic. In addition, inflation slowed for food (1.62 percent vs 1.76 percent) and housing (0.48 percent vs 0.50 percent). On a seasonally adjusted monthly basis, consumer prices went down 0.25 percent, after a 0.19 percent fall in the previous month.
2020-04-08
Taiwan Inflation Rate Highest in Near 2 Years
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.
2020-02-06

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).