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.