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Taiwan Inflation

Taiwan Inflation

Inflation in Taiwan

Consumer price inflation in Taiwan averaged 1.0% in the ten years to 2022. The 2022 average figure was 2.9%. For more inflation information, visit our dedicated page.

Taiwan Inflation Chart

Note: This chart displays Inflation Rate (CPI, annual variation in %) for Taiwan from 2014 to 2023.
Source: DGBAS Taiwan.

Taiwan Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 1.4 0.6 -0.2 2.0 2.9
Inflation (CPI, ann. var. %, eop) -0.1 1.2 0.0 2.6 2.7
Inflation (Core, ann. var. %, aop) 1.2 0.5 0.4 1.3 2.6

Inflation drops to lowest level since June 2023 in January

Inflation came in at 1.8% in January, down from December’s 2.7%. January's reading marked the lowest inflation rate since June 2023. Looking at the details of the release, prices for food and transport rose at a slower pace in January. Annual average inflation edged down to 2.4% in January (December: 2.5%). Lastly, consumer prices recorded zero growth in January over the previous month, broadly stable from the 0.04% fall seen in December. January's figure was the highest reading since October 2023.

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 27 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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