英文摘要 |
The upward trend of international oil, metal and grain prices in recent years has gradually affected Taiwan. The impact on the consumer price index (CPI) was less direct, however, since early 2007, Taiwan’s CPI sub-indices for oil, metals and cereals have ticked up one after another, while prices of non-durable consumer goods have risen even faster and been felt most deeply. The government has responded by adopting measures to alleviate potential inflationary pressure. Looking forward, oil and grain prices are likely to remain high under continued supply constraints coupled with faster increasing demand. At the same time, rapid industrialization and infrastructure needs can be expected to sustain high levels of demand for metals in emerging markets. Being a small, open economy, Taiwan cannot escape from the inflationary pressure from international price escalations. Hence, it is important for policymakers to seek ways to promote production efficiency, improve energy conservation, and raise energy efficiency. |