Chinanews.com, May 7. According to Taiwan's United News Network, after the Federal Reserve started the cycle of raising interest rates, the exchange rate of the New Taiwan dollar also "falls endlessly."
The "General Accounting Office" of the Taiwan authorities said frankly on the 6th that the depreciation of the New Taiwan dollar will affect imported inflation, because the cost of purchasing goods for manufacturers has increased.
The "General Accounting Office" announced on the 6th that the consumer price index (CPI) in April had exceeded 3% for 2 consecutive months, and the increase continued to expand to 3.38%, the largest increase in more than 9.5 years, reflecting the low cost of purchases by manufacturers. The annual growth rate of the selling price index (WPI) also reached 15.07%.
Cao Zhihong, a special member of the General Statistics Office of the "General Accounting Office", said that Taiwan is highly dependent on imported raw materials, and the depreciation of the New Taiwan dollar will increase the purchase cost of manufacturers on the island and affect imported inflation.
Cao Zhihong also pointed out that observing the changes in production costs, the producer price index (PPI) in April increased by 12.99% year-on-year, and the increase was larger than that in March.
As for stagnant inflation, Cao Zhihong said that stagnant inflation refers to rising prices but stagnant economic growth. The first-quarter economic growth rate announced by Taiwan's "General Accounting Office" at the end of April is estimated to be 3.06%, which is better than expected. , it is obvious that the economy continues to grow, and there is no stagnant inflation in Taiwan.