And it seems inflation is slowing down. According to government statistics, the consumer price index rose 1.95% from April 2024, falling shy of the 2% inflation goal set by the government. The price of a basket of 17 government-monitored household necessities decreased by 0.16%, marking the first fall in four years. The biggest drop was in the price of eggs, which went down by 22.29%.

The government explains that the low CPI is in part due to a high base in April last year, which offset price increases since then. In addition, an oversupply of soy beans, wheat and corn has sent prices plummeting, in turn lowering the cost of animal feed. The government says the CPI for May could be even lower, reflecting a gradual easing of domestic inflationary pressure. For consumers, the trend is a welcome breather.

For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53
#台灣新聞 #TaiwanNews #民視新聞 #FTV新聞 #Taiwan