Monday, February 21, 2011

When Inflation Comes Knocking

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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