Latest reading: Inflation ticked up to 2.4% in May from April’s 2.3%. The reading was slightly above the Fed’s 2.0%...
Inflation in Taiwan
In the year 2024, the inflation in Taiwan was 2.18%, compared to 1.19% in 2014 and 2.49% in 2023. It averaged 1.29% over the last decade. For more inflation information, visit our dedicated page.
Taiwan Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Taiwan from 2024 to 2016.
Source: Macrobond.
Taiwan Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -0.2 | 2.0 | 2.9 | 2.5 | 2.2 |
| Inflation (CPI, ann. var. %, eop) | 0.0 | 2.6 | 2.7 | 2.7 | 2.1 |
| Inflation (Core, ann. var. %, aop) | 0.4 | 1.3 | 2.6 | 2.6 | 1.9 |
Inflation declines to lowest level since March 2021 in May
Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May's figure marked the weakest inflation rate since March 2021. The result was driven by moderating price pressures for food and transportation. Annual average inflation edged down to 2.1% in May (April: 2.2%). Finally, consumer prices dropped 0.27% from the previous month in May, contrasting the 0.27% rise logged in April. May's result marked the weakest reading since February.
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.
Latest Global Inflation News
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United States: Inflation rises in May but undershoots expectations -
Taiwan: Inflation declines to lowest level since March 2021 in May Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March... -
Mexico: Inflation comes in at highest level since November 2024 in May Latest reading: Inflation came in at 4.4% in May, up from April’s 3.9%. May’s result represented the highest inflation rate... -
Ukraine: Inflation hits over two-year high in May Latest reading: Inflation came in at 15.9% in May, which was up from April’s 15.1% and was the highest one... -
Indonesia: Inflation moderates in May Latest reading: Inflation inched down to 1.6% in May, following April’s 1.9% and approaching the floor of the Central Bank’s... -
Thailand: Consumer prices drop further in May Latest reading: Consumer prices decreased 0.6% year on year in May, following April’s 0.2% fall. May’s reading represented the largest... -
Dominican Republic: Inflation increases to over one-year high in May Latest reading: Inflation rose to 3.8% in May from April’s 3.7%. May’s figure represented the highest inflation rate since November...