Latest reading: Inflation ticked up to 2.4% in July, following June’s 2.3%. Looking at the details of the release, prices...
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 increases in July but remains mild
Latest reading: Inflation ticked up to 1.5% in July from June’s 1.4%. The reading was driven by rising price pressures for food and transportation. However, Taiwanese inflation remained low compared to rates in most Asian economies. The trend pointed down slightly, with annual average inflation coming in at 1.9% in July (June: 2.0%). Finally, consumer prices increased 0.36% in July over the previous month, accelerating from the 0.14% rise logged in June. July's figure marked the highest reading 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 26 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
-
Kuwait: Inflation increases in July -
Japan: Inflation declines in July but remains above target Latest reading: Inflation came in at 3.1% in July, down from June’s 3.3%. July’s result represented the lowest inflation rate... -
Estonia: Harmonized inflation picks up in July Latest reading: Harmonized inflation came in at 5.6% in July, which was up from June’s 5.3%. July’s figure was the... -
Greece: Harmonized inflation rises in July Latest reading: Harmonized inflation ticked up to 3.7% in July from June’s 3.6%. July’s figure represented the highest inflation rate... -
Hong Kong: Inflation falls to lowest level since June 2021 in July Latest reading: Inflation came in at 1.0% in July, down from June’s 1.5%. July’s result marked the weakest inflation rate... -
Lithuania: Harmonized inflation increases in July Latest reading: Harmonized inflation ticked up to 3.4% in July from June’s 3.2%. Looking at the details of the release,... -
Ireland: Harmonized inflation steadies in July Latest reading: Harmonized inflation was stable at June’s 1.6% in July. Looking at the details of the release, prices for...