Taiwan's consumer prices edged up 0.09 percent year-on-year in November 2020, rebounding from a 0.24 percent fall in the previous month and beating market expectations of a 0.1 percent decline. Upward pressure came from food (0.40 percent), mostly meats, cereal & cereal products, vegetables and fish & seafood; housing (0.35 percent) due to residential rent; clothing (0.45 percent); health (0.49 percent); and miscellaneous (1.05 percent) on the back of personal effects and services for nursery & nursing care. Meanwhile, transportation & communication cost dropped 1.48 percent and prices for education & entertainment fell 0.66 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 December of 2020.
Inflation Rate in Taiwan is expected to be 0.10 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 1.60 in 12 months time. In the long-term, the Taiwan Inflation Rate is projected to trend around 1.50 percent in 2021 and 2.20 percent in 2022, according to our econometric models.