Taiwan fruit & veg see highest price hike in 11 years
The Directorate-General of Budget, Accounting and Statistics (DGBAS) said Thursday, that the monthly increase was mainly driven by vegetable, fruit, meat, aquaculture, and other products partially offset the hike.
The official estimated that monthly food costs for those who eat out often will increase by about USD $3.10, on average.
A local think tank, the Chung-hua Institution for Economic Research (CIER), has recently issued a report, saying that the annual CPI will rise 0.2-0.4 percent in 2017 after the implementation of the new workweek regulation.
Last year, the Cabinet passed amendments to the Labor Standards Act, which introduced a mandatory "one fixed day off and one flexible rest day," meaning workers must be given two days off per week to guarantee the realization of the 40-hour workweek policy while eliminating seven public holidays. Some local employers of food and transportation service providers announced plans to hike rates to offset the resulting increased labor costs within weeks after the new rule kicked in.
source: taiwannews.com.tw
