Inflation in Taiwan

Taiwan Inflation (eop) | Economic News & Forecasts

Taiwan - Inflation (end of period)

Consumer prices drop for first time in over a year

Consumer prices decreased 1.08% in February compared with the previous month, contrasting January’s revised 0.61% increase (previously reported: +0.59%). The reading was driven by lower prices for nursery and nursing care, fruit, entertainment, and transportation—likely reflecting slumping demand following Chinese New Year holidays in the prior month.

Core consumer prices, which exclude prices for energy, fruits and vegetables, decreased 0.8% month-on-month in February contrasting the 0.7% increase recorded in January.

In year-on-year terms, meanwhile, consumer prices fell 0.2% in February, swinging from the 1.9% increase observed in January and marking the first drop in prices since December 2018. Lastly, annual average inflation remained at 0.7% in February, unchanged from the previous month.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2020, which is unchanged from last month’s forecast. In 2021, the panel sees inflation averaging 1.1%.

Taiwan - Inflation (eop) Data

2014   2015   2016   2017   2018  
Inflation Rate (CPI, annual variation in %, eop)0.6  0.1  1.7  1.2  -0.1  

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Taiwan Inflation (eop) Chart

Taiwan Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Directorate-General of Budget, Accounting & Statistics and FocusEconomics calculations.

Taiwan Facts

Value Change Date
Bond Yield0.691.28 %Dec 31
Exchange Rate29.910.07 %Jan 01

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