Taiwan's consumer prices rose 2.09 percent percent year-on-year in April of 2021, following a downwardly revised 1.24 percent increase in the previous month and faster than a market consensus of 1.7 percent. It was the highest inflation rate since February of 2018, mostly driven by prices of transportation & communication (9.39 percent), in particular fuels & lubricants (47.95 percent) and transportation fees (14.75 percent). In addition, consumer prices rose for food (0.61 percent), housing (0.96 percent), and education & entertainment (1.80 percent). On a seasonally adjusted monthly basis, consumer prices grew by 0.20 percent, after a downwardly revised 0.33 percent gain in the month prior. 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 May 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 1.10 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.