Wholesale prices in Taiwan fell 3.42 percent year-on-year in December of 2019, following a 5.04 percent decrease in the previous month. Cost dropped at a softer pace for manufacturing (-3.78 percent vs -5.00 percent in November) and mining & quarrying (-2.35 percent vs -10.93 percent) while agriculture, forestry and fishing cost advanced faster (5.11 percent vs 3.85 percent). On the other hand, water, electricity and gas supply prices continued to fall (-2.75 percent vs -2.69 percent). On a monthly basis, wholesale prices went down 0.17 percent, after decreasing 0.79 percent in the previous month. Producer Prices Change in Taiwan averaged 0.18 percent from 1982 until 2019, 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.
Producer Prices Change in Taiwan is expected to be -4.90 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 2020, according to our econometric models.