Wholesale prices in Taiwan were down 10.36 percent year-on-year in June of 2020, following an 11.6 percent drop in May which was the biggest plunge since July of 2009. Main declines were seen for prices of mining and quarrying products (-37.69 percent); petroleum and coal products (-33.86 percent); chemical material, other chemical products and pharmaceuticals (-17.84 percent); and basic metals (-10.4 percent). The price index for products domestically produced for domestic purchase decreased 8.08 percent while the import price index fell 13.75 percent. On a monthly basis, wholesale prices increased 1.22 percent.
Producer Prices Change in Taiwan averaged 0.08 percent from 1982 until 2020, reaching an all time high of 11.85 percent in October of 2004 and a record low of -13.99 percent in July of 2009. This page provides - Taiwan Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Taiwan Wholesale Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Producer Prices Change in Taiwan is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Taiwan to stand at 1.50 in 12 months time. In the long-term, the Taiwan Wholesale Prices Change is projected to trend around 2.00 percent in 2021, according to our econometric models.