The annual inflation rate in Taiwan accelerated to 2.71% in December of 2022, following a 2.35% gain in the previous month and above market forecasts of 2.5%. Main upward pressure came from the prices of transportation and communication (2.18% vs 0.69% in November); food (4.93% vs 4.12%); educational and entertainment (2.27% vs 2.03%); and housing and utilities (2.4% vs 2.35%). On the other hand, costs increased at a slower pace for clothing and footwear (0.8% vs 1.69%); miscellaneous goods (1.53% vs 1.79%); and health (1.41% vs 1.45%). On a seasonally adjusted monthly basis, consumer prices advanced 0.33% in December, accelerating from a 0.07% rise in November. source: Directorate-General of Budget, Accounting and Statistics, Taiwan
Inflation Rate in Taiwan averaged 3.90 percent from 1960 until 2022, reaching an all time high of 61.45 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 February of 2023.
Inflation Rate in Taiwan is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Taiwan Inflation Rate is projected to trend around 3.40 percent in 2024 and 2.70 percent in 2025, according to our econometric models.