Taiwan's Annual CPI Over 2% Target for 3 Years in a Row
Consumers in Taiwan are facing a stubborn problem of increasingly expensive living costs. This year's consumer price index has been revised upward to 2.07%, making 2024 the third consecutive year the index is over the government’s 2% maximum target.
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NewsTranscript
00:00 Bad news for shoppers as Taiwan's inflation looks set to beat the government's target
00:04 for the third year in a row.
00:07 This year's Consumer Price Index, which measures the change in prices of consumer goods, was
00:12 revised just over the inflation warning level of 2%, thus despite the government projecting
00:18 GDP growth of nearly 4% this year, the highest in three years.
00:23 Consumers may see prices rise for eating out, rent and medical expenses, but Taiwan's statistics
00:28 office says the overall increase is not too high.