Latest reading: Consumer prices increased 3.4% on a year-on-year basis in September, following a 3.2% increase in the previous month....
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 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 rises in August but remains mild
Latest reading: Inflation rose to 1.6% in August, above July’s 1.5%. The acceleration was primarily driven by increasing price pressures for food and housing. The trend was unchanged, with annual average inflation coming in at July's 1.9% in August. Finally, consumer prices increased 0.46% in August over the previous month, picking up from the 0.37% rise recorded in July. August's uptick marked the sharpest increase in prices since January.
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 24 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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