Reported 8 months ago
According to a report from the Taiwan Economic Research Institute, the Consumer Price Index (CPI) and core CPI for May showed an increase compared to April, indicating higher inflation pressure for the second half of the year. The institute's director warned of the possibility of a central bank interest rate hike. Various industries are facing challenges, with uncertainty in the market. Factors such as weather instability affecting vegetable and fruit prices, as well as rising housing costs, are contributing to the overall rise in prices. Additionally, upward price movements in various manufacturing sectors have pushed the Producer Price Index (PPI) higher. Overall, the economic outlook for the second half remains uncertain with concerns over inflation, economic growth, and interest rate differentials between Taiwan and the US.
Source: YAHOO