Taiwan's consumer prices rose 1.26 percent year-on-year in March of 2021, from an upwardly revised 1.40 percent increase in the previous month. Main upward pressure came from prices of fuels and lubricants (17.08%) and transportation fees (11.68%) in particular airfares. In addition, consumer prices rose for eggs (3.16%) and garments (2.90%) as well. In contrast, fruit prices sank 4.55%. On a seasonally adjusted monthly basis, consumer prices grew by 0.34 percent, after an upwardly revised 0.05 percent fall in the month prior. source: Directorate-General of Budget, Accounting and Statistics, Taiwan
Inflation Rate in Taiwan averaged 3.93 percent from 1960 until 2021, 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 April of 2021.
Inflation Rate in Taiwan is expected to be 3.30 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 1.80 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 2.20 percent in 2022 and 2.30 percent in 2023, according to our econometric models.