Taiwan Inflation May 2021

Taiwan

Taiwan: Inflation comes in at highest level since February 2013 in May

June 8, 2021

Consumer prices rose 0.26% over the previous month in May, moderating from April's 0.66% increase. Looking at the details of the release, prices for food rose in May. Meanwhile, transportation prices grew at a weaker pace. In addition, prices for education and entertainment dropped.

Inflation increased to 2.5% in May, above April’s 2.1%. May's reading marked the highest inflation rate since February 2013. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.4% in May (April: 0.1%).

FocusEconomics Consensus Forecast panelists see inflation averaging 1.4% in 2021, which is up 0.1 percentage points from last month’s forecast. For 2022, the panel projects inflation to average 1.3%.


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Taiwan Inflation May 2021

Note: Month-on-month and year-on-year changes of consumer price index (CPI) in %.
Source: Directorate-General of Budget, Accounting & Statistics (DGBAS).


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