Wholesale prices in Taiwan dropped 9.15 percent year-on-year in July 2020, after falling 10.36 percent in the previous month. It was the sixth consecutive decline in wholesale prices, as cost continued to fall for mining and quarrying products (-32.19 percent vs -37.69 percent in June); petroleum and coal products (-28 percent vs -33.86 percent); chemical material, other chemical products and pharmaceuticals (-16.54 percent vs -17.84 percent); and basic metals (-9.03 percent vs -10.4 percent). The price index for products domestically produced for domestic purchase decreased 6.79 percent, following a 8.08 percent fall in June; while the import price index dropped 11.78 percent, after declining 13.75 percent. On a monthly basis, wholesale prices went up 0.14 percent.
Producer Prices Change in Taiwan averaged 0.06 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 August 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.