Annual inflation rate in Taiwan slowed to 1.89 percent in June of 2021 from an 8-year high of 2.48 percent in May, below market forecasts of 2.3 percent. Prices increased at a softer pace for fuels & lubricants (27.78 percent vs 43.92 percent in May) and transportation fees (15.0 percent vs 15.61 percent). Also, prices for water, electricity and gas fell 10.88 percent as summer electricity rates were suspended for households due to the COVID-19 relief measure. On a seasonally adjusted monthly basis, consumer prices edged down by 0.2 percent. 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 July of 2021.
Inflation Rate in Taiwan is expected to be 1.30 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 0.80 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.