According to China Review News, according to the latest report of the Greater China Economic Research Team of ANZ Bank, Taiwan’s food inflation rate has changed as much as 7.4% in Asia this year, ranking second in Asia, only lower than India’s 7.8%. , "Legislators" questioned that high inflation may make people not only have enough to eat, but also may not be able to afford it.
In response, Taiwan's "Executive Yuan Accounting Office" stated on the 21st that the average overall CPI from January to May this year increased by 3.04% compared with the same period last year, which was moderate compared with 8.2% in the United States, 6.8% in the Eurozone, and 5.2% in Thailand. The main reason is that The authorities are paying close attention to and actively stabilizing prices, implementing a mechanism for freezing electricity and gas prices for people's livelihood and slowing down the price increases of gasoline and diesel, as well as lowering tax rates on bulk materials.
The "General Accounting Office" pointed out that due to the rise in international agricultural and food prices and oil prices, CPI food and oil prices in various regions have increased significantly. In terms of food prices that people spend more on every day, the average price in Taiwan increased by 5.8% from January to May. , the United States 8.6%, the Eurozone 6.1% (excluding outside food, food expenses increased by 4.2%), South Korea 4.6% (excluding outside food, food expenses increased by 6.4%), Thailand 4.5%, Hong Kong 3.8% (average from January to April) , Singapore 3.1%. Among Asia, Taiwan’s growth rate is relatively high; but in non-food aspects, including fuel costs, electricity bills, etc., Taiwan’s growth rate is relatively low, and Taiwan’s overall CPI growth rate is moderate compared with other economies.
The "General Accounting Office" stated that high CPI growth does not mean high price levels. If you want to compare price levels and currency purchasing power of various countries at the same point in time, you usually refer to The World Bank based on comprehensive surveys and statistical methods. Published purchasing power parity statistics.
