Latest reading: Consumer prices rose 1.7% in annual terms in June, following a 0.9% increase in the prior month. Relative...
Inflation in Taiwan
Consumer price inflation in Taiwan averaged 1.3% in the ten years to 2024, in line with the East & South Asia regional average of 2.5%. The 2024 average figure was 2.2%. For more information on inflation, visit our dedicated page.
Taiwan Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Taiwan from 2014 to 2025.
Source: Macrobond.
Taiwan Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.0 | 2.9 | 2.5 | 2.2 | 1.7 |
| Inflation (CPI, ann. var. %, eop) | 2.6 | 2.7 | 2.7 | 2.1 | 1.3 |
| Inflation (Core, ann. var. %, aop) | 1.3 | 2.6 | 2.6 | 1.9 | 1.7 |
Inflation rises in June from the prior month
Latest reading: Consumer prices rose 2.6% on a year-on-year basis in June, following a 2.2% increase in the previous month. June's reading was the strongest since January 2025. Relative to the previous month's figures, there were higher price pressures for food (+1.8% in annual terms vs +1.4% in May), housing (+2.2% vs +2.1% in May), transportation (+4.1% vs +4.0% in May) and education and entertainment (+3.6% vs +3.0% in May). Lastly, consumer prices rose 0.52% in June in month-on-month terms, following a 0.19% increase in the prior month.
Panelist insight: Regarding June’s reading, ING’s Lynn Song commented: “Taiwan's CPI inflation rose to a 17-month high of 2.6% YoY in June amid a broad-based uptick in inflation. This level looks likely to be at or near the peak for the year, given the fall in energy prices and more favourable base effects in the coming months, but if inflation stays sticky, the case for a third-quarter rate hike will strengthen.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Taiwanese inflation projections for the next ten years from a panel of 30 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Taiwanese inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Taiwanese inflation projections.
Want to get access to the full dataset of Taiwanese inflation forecasts? Send an email to info@focus-economics.com.
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