l Inflation has become a major concern for many countries around the world, and Taiwan is no exception.
l With worldwide price increases in agricultural and raw materials, inflationary pressure has prompted the island’s leading suppliers of food products to consider price increases in the range of 5-15%, depending on the items.
l These recent developments have forced the government to intervene and keep food prices in check.
l With measures like lowering import duties on basic grains, the island’s leading commodity distributors, however, were still contemplating price hikes this week to compensate for rising raw material costs.
l Government may need to take steps beyond just moral persuasion.
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