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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 2021 to 2016.
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 January in April

Inflation edged down to 2.0% in April from March’s 2.1%. April's result marked the weakest inflation rate since January. Looking at the details of the release, prices for food and transport grew at slower paces in April. The trend was unchanged, with annual average inflation coming in at March's 2.4% in April. Lastly, consumer prices increased 0.56% in April over the previous month, contrasting the 0.65% fall seen in March.

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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