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U.S. workers top global Big Mac index in purchasing power
The Economist’s Big Mac index shows U.S. workers can buy 14,000 Big Macs yearly, leading globally. Taiwan’s prices burden workers, with a Big Mac costing NT$78.
16小時前
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AFA predicts stable vegetable prices in November
Typhoon Kong-rey had a limited impact on Taiwan’s vegetable regions, says the Agriculture and Food Agency. Prices are expected to stabilize in November.
2024/11/04 14:00
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Typhoon Krathon drives vegetable prices to record high
Typhoon Krathon has driven vegetable prices in Taipei to record highs, with cabbage reaching NT$175 per head. Learn about the impact on local markets and supply issues.
2024/10/01 09:47
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ROCCOC stresses importance of rate freeze for markets
The General Chamber of Commerce of the Republic of China announced efforts to freeze electricity prices for key sectors. Taiwan Power Company proposes a 14% industrial rate hike.
2024/09/30 15:43
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Taiwan Michelin unveils 2024 Bib Gourmand selections
Discover the latest Bib Gourmand Selection by Taiwan Michelin for 2024, featuring 126 eateries across Taiwan, including 16 new entries that highlight local delicacies and offer quality dining at moderate prices.
2024/08/20 14:49
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Survey: 90% feel pinch of weather-driven price hikes
Discover how extreme weather events have driven up fruit and vegetable prices in recent years, according to a Greenpeace report. Learn about the impact on consumers and the call for government action.
2024/08/14 11:40
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Global warming threatens to eliminate winters in Taiwan
Discover how global warming is driving up food prices and impacting agriculture, with a focus on Taiwan’s challenges and the global crisis in orange juice production. Learn about the urgent need for reduced carbon emissions
2024/07/05 18:02
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Taiwan’s CPI hits 4-month high with 2.42% increase in June
CPI up 2.42% in June, highest in 4 months Fruit prices soared 22.60%, rents and dining out rose Egg prices fell, core CPI grew 1.83% annually Medical costs up 3.78%, housing rose 2.27%
2024/07/05 17:06
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Food vendors absorb electricity costs, fearing price hikes
Lukang Old Street Business District chairperson Huang Shih-chieh expresses concern over rising electricity costs and their impact on food vendors, who may absorb cost increases to avoid raising prices due to declining consumer purchasing power, potentially leading to a vicious inflation cycle.
2024/04/15 17:25
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Hou Yu-ih lists DPP’s ’top ten’ policy failures in 8 years
The Kuomintang (KMT) presidential candidate, Hou Yu-ih, listed the ten major policy failures of the ruling Democratic Progressive Party (DPP) during a livestream presidential debate. These failures include ineffective energy policies, food safety violations, deteriorated public security, debt burdening future generations, critical issues in people’s livelihoods, housing injustice, rising cross-strait military threats, plummeting wages, skyrocketing house prices, and ineffective pandemic responses. Hou elaborated on specific examples such as solar power corruption, tainted food black market dealings, overspending on "forward-looking" infrastructures, a lack of electricity and water, regulatory failure in the National Communications Commission (NCC), failed social housing policies, the threatening potential of military conflict, income inequality at a ten-year high, and around 20,000 deaths during the COVID-19 pandemic. Hou expressed regret over his opponent, DPP presidential candidate Lai Ching-te’s campaign methods, accusing him of slander and displaying incompetence and unscrupulousness. Hou confirmed his opposition to Taiwanese independence while claiming that Lai advocated for it. He also criticized former Taipei Mayor and current Taiwan People’s Party (TPP) presidential candidate Ko Wen-je for not responding to this issue. Hou emphasized his lifelong pledge to remain loyal to the Republic of China’s flag and safeguard Taiwan’s democratic freedom.
2023/12/30 15:47
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S.H.E. Selina’s food brand to cease operations in 2024
Rensingeatshot, a lifestyle food brand founded by Selina of Taiwanese girl band S.H.E, will cease operations on Jan. 21, 2024, citing inflation and economic challenges. The company expressed reluctance but emphasized that it is not a farewell, but rather a move towards better choices. The decision was influenced by the impact of COVID-19 on the global economy in 2023 and hyperinflation, which raised materials and manufacturing costs. The company struggled to find a balance between production costs and market-acceptable prices due to the increasingly competitive advertising market. Initially known for its instant porridge products, Rensingeatshot expanded to include instant drinks, tea bags, and waffles. The brand officially launched on Jan. 11, 2021. While the product line will end on Jan. 21, 2024, collaborations with other brands will not be affected.
2023/12/26 17:09
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Starbucks Taiwan to see more growth in holiday season
Starbucks Taiwan, a joint venture between Starbucks Coffee International and Taiwan food conglomerate Uni-President, is set to boost Christmas sales through marketing activities. Despite rising costs in raw materials, Starbucks Taiwan maintains its long-term marketing strategy of expanding locations and improving store quality without raising prices. Sales revenue during the Christmas period is expected to rise by 10 to 20 percent, leading to a 10 percent increase in stock levels.
2023/11/02 20:27
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Typhoon causes price surge in Taiwan’s food market
Despite Typhoon Haikui moving away, food prices in Taiwan remain high. Imported vegetables have also become more expensive due to disrupted shipping schedules.
2023/09/05 21:27
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Frozen food prices soar in Taiwan’s convenience stores
With rising inflation, dining out has become more expensive for many Taiwanese. Additionally, even frozen foods sold at convenience stores are experiencing price hikes.
2023/04/24 16:28
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Taiwan’s pineapple prices plummeting due to oversupply
Southern Taiwan’s pineapple farmers are currently grappling with a price crash caused by an abundance of the fruit, according to the Agriculture and Food Agency.
2023/04/19 17:40
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Taiwan’s egg prices on the rise again due to avian flu
The food and beverage industry is facing multiple challenges, including inflation and rising costs of raw materials, as well as a recent increase in egg prices.
2023/02/15 19:16
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Din Tai Fung to hike prices as food and energy prices soar
Taiwan’s most famous dumpling chain store Din Tai Fung will raise prices by 4% starting on Nov. 22.
2022/11/17 20:10
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Taiwan feels pressure of rising prices amid stagnant wages
This restaurant in Taipei City boasting generous food portions is a favorite among office workers.
2022/10/27 17:44