inflation 結果共82筆

Discover the key issues raised during the Labour Day march in Taipei, where 4,000 rallied for better labor rights, criticizing low wages and long hours. Learn about their demands for the incoming government.

Explore the latest economic forecasts for Taiwan as the Taiwan Institute of Economic Research projects a GDP growth of 3.29% and a CPI increase to 2.13%. Amidst stable domestic demand and expanding exports, concerns over rising costs and geopolitical tensions loom. With cautious business investments and the global economic climate’s uncertainties, Taiwan navigates through challenges towards growth.

Taiwan’s Consumer Price Index indicates a continued slowdown in inflation with a slight rise in March. The Central Bank revises its inflation forecasts as electricity and living costs surge. The public’s economic outlook remains cautiously optimistic.

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.

the year-over-year (YoY) rate in the rent index has been around 2% for the past two years, a relatively high level. The YoY growth rate in March was 2.24%, the highest increase in the past year. Over the past decade, the average annual increase in the rent index was 1.1%. However, since July 2022, the growth has exceeded 2% and has remained at this level. DGBAS officials pointed out three main factors that contributed to the rise in rent. First, the cost of maintaining houses has increased. In recent years, the increase in residential maintenance costs has been significant, with a sharp rise of 5.8% in 2022 and increases of over 3% in 2023 and 2024. 

Taiwan’s DGBAS reports a 4.47% year-on-year increase in medical costs for March, the highest in 18 years, due to the New Health Insurance Co-payment System. The March CPI showed a 2.14% year-on-year increase, with dining-out costs and essential commodity prices decreasing slightly. However, inflationary pressures persist in services like medical costs and rent.

Explore how Taiwan’s core inflation cycle has dramatically shortened from an average of 17.19 months to just under 8 months over recent years, leading to a significant shift in public perception towards inflation. This change is attributed to various factors, including the pandemic, geopolitical risks, and climate change, affecting the country’s inflation trend and resulting in a discrepancy between public feeling and official statistics.

The latest poll by My-formosa.com reveals high dissatisfaction rates towards Minister of Economic Affairs Wang Mei-hua, Minister of Digital Affairs Audrey Tang, and NCC Chairman Chen Yaw-shyang. Criticism is directed at the Tsai administration’s handling of inflation, fraud prevention, and green energy policies. Conducted through telephone interviews across Taiwan, the survey highlights public discontent with specific government departments and policies.

Central Bank Governor Yang Chin-long discusses Taiwan’s mild inflation rate amidst potential electricity price hikes and the Legislative Yuan’s move to require approval for such adjustments. The KMT calls for more public oversight in price changes.

Central Bank Governor Yang Chin-long predicts Taiwan’s inflation rate to drop to around 2% in 2024 due to expected international oil price decreases and modest service price increases. The Central Bank’s upcoming board meeting is anticipated to maintain the re-discount rate at 1.875%. Yang cites declining inflation rates and negative output gaps as key factors influencing the decision. Geopolitical conflicts and weather conditions pose uncertainties to Taiwan’s inflation trends.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, addresses concerns over potential water and electricity price hikes. Wang assures no immediate plans for water price increases and remains cautious on addressing the issue. Legislators advocate against compounding effects of electricity rate hikes and warn of potential inflation spikes. Discussions continue on balancing household electricity costs and industry consumption subsidies.

Amid inflationary pressures, Taiwan plans to raise electricity prices, impacting daily life and industry, especially high-energy-consuming businesses like hot pot restaurants. The increase, projected to be across-the-board, could lead to higher operating costs and consumer prices. Taiwan Power Company faces substantial losses, with a potential 20% price surge predicted to affect economic growth and consumer prices. Some workers see the adjustment as a step towards sustainable energy development, encouraging energy-saving and emission-reduction industries.

Minister of Economic Affairs Wang Mei-hua discusses electricity rate adjustments in Taiwan, emphasizing the impact on household usage below 330 kilowatt hours. Kuomintang Legislator Yang Chiung-ying opposes price hikes, proposing solutions to address citizen hardships amid inflation. Wang highlights considerations for nuclear power and renewable energy costs, amidst concerns over safety regulations and nuclear waste. Yang challenges Taipower’s deficits and criticizes passing on costs to residents through price increases.

China announces a 7.2% increase in its defense budget for the year, reaching 1.67 trillion yuan (US$231 billion), signaling significant military expansion. Comparatively, this figure dwarfs Taiwan’s budget, amidst global rises in military spending.

Taiwan’s currency faces depreciation as the Federal Reserve’s interest rate hikes continue. Experts weigh in on potential impacts on exports and inflation, with anticipation for future Fed decisions. Stay updated on Taiwan’s economic landscape.

Stay updated on Taiwan’s economic landscape with the latest news from Minister of Economic Affairs Wang Mei-hua. Discover insights on electricity price fluctuations and their impact on domestic issues, as well as the government’s strategies to address losses incurred by Taiwan Power Company. Explore the projections for economic growth and inflation rates amidst industry recovery and upcoming events.

Explore how Taiwan’s eighth consecutive minimum wage increase impacts the job market, with insights from experts and challenges faced by young adults. Learn about the strategies for navigating salary disparities and inflation.

Taiwan Power Co. (Taipower) faces a potential financial crisis by year-end without government aid or electricity price hikes, warned Minister of Economic Affairs Wang Mei-hua. An upcoming electricity price review may see rates for ultra-high-voltage users surge by over 10%. Wang emphasizes the need for discussion in the committee meeting and assures efforts to minimize impacts on the public. Taipower’s efficient management has helped curb price spikes and inflation, with plans in place for financial support and program development. Current electricity costs for major consumers stand at around NT$1.63, while Taipower’s generation cost, pre-tax, is NT$3.93, expected to surpass NT$4 post-tax.

Formosa Plastics Corporation will invest NT＄318.03 million into Formosa Heavy Industries to expand its business operations. The corporation plans to spend NT＄59.58 million on two designation projects and two initiatives to upgrade manufacturing processes. The decision is a response to the impact of China’s ＂Refining-chemical integration＂ endeavor, which has caused a dip in demand for petrochemicals and plastics. By enhancing equipment, Formosa Plastics aims to increase carbon fiber and PVC production capabilities, anticipating a positive market boost. Despite reduced shipping days during the Lunar New Year, the company projects a seasonally high-demand period post-Lunar New Year. With lower inflation in Western countries and growing consumer confidence, the market is expected to warm up.

The iconic giant rubber duck is set to make its return to Kaohsiung’s Love River Bay, promising a buoyant boost to local businesses and the opportunity for visitors to bask in its whimsical charm. The creation by Dutch artist Florentijn Hofman, which captivated over 3.9 million people in its 2013 debut, is all set for its comeback tour from Jan. 27 to Feb. 25.

Taipei’s flower market is experiencing a nearly 30% reduction in certain flowers due to the recent colder weather and damp conditions. The Chairman of Taipei Flowers Auction, Li Ming-tsung, predicts that flower prices will rise by an average of 5% this year, citing inflation as the main cause. For example, the cost of a bouquet of lilies, typically priced at NT$250, could increase to between NT$600 and NT$700 during the Lunar New Year, with prices peaking at up to NT$1,000. In preparation for the Lunar New Year, the Taipei Flower Market will extend its opening hours to 3 p.m. and remain open for a total of 108 hours, expecting to supply around 904,000 bouquets.

Discover how nearly half of Taiwan’s workforce is contemplating a career shift before receiving year-end bonuses, driven by the allure of higher salaries and the nation’s economic recovery post-pandemic.

The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.

Taiwan’s Executive Yuan spokesman, Lin Tzu-lun, announced that the Consumer Price Index (CPI) rose by 2.71% in December 2023. Due to the CPI surpassing the legal threshold for two consecutive years, the government supports increasing stipends for retired military, civil, and education personnel by at least 4%. Fixed pension benefits for these individuals will be adjusted to account for inflation. The Executive Yuan has allocated NT$4.4 billion in the 2024 central government budget as a reserve fund for price fluctuations. The necessary adjustment mechanisms have been initiated, with a specialized assessment panel deliberating on the rate adjustment. The government aims to complete the related processes and backtrace the adjustments to January 1, 2024, to ensure the living standards of retired personnel.

Taipei mayoral candidate Ko Wen-je criticized the Democratic Progressive Party’s (DPP) governance in Taiwan, pointing out various shortcomings such as shortages of land, water, electricity, talent, and labor during Lai Ching-te’s tenure as premier. Ko also claimed that Taiwan is currently lacking eggs, pork, vaccines, health screening resources, and even toilet paper. He further highlighted present issues including low birthrates, national security risks from an aging population, wage stagnation, inflation, slow industrial transformation, and high housing costs. Ko accused the government of not allocating special budgets for expenditures, resulting in an alleged surplus of NT＄900 billion, and criticized their lack of transparency. He expressed disappointment with the DPP’s failure to address issues left by the Kuomintang (KMT) after eight years in power. Additionally, Ko mentioned that Taiwanese people generally feel insecure about the current status of the Taiwan Strait, which has caused societal discord, political factions, and cross-strait unrest.