Rising Food and Transport Prices (2017/01/03)
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  • 英文 English 
    Rising Food and Transport Prices (2017/01/03)

    The government’s five-day work week law is driving a new wave of inflation in commodity prices, with a range of domestic chain restaurants and coach operators all set to raise prices due to higher staffing costs. One expert warned that companies’ capital costs in this round of inflation could jump by more than twice what they did under former President Ma Ying-jeou’s decision to raise the prices of electricity and fuel.

    Guan-Pei Red Bean Cakes, a chain from Kaohsiung, posted notices at its stores announcing that it had been left with no choice but to raise the prices of its products on January 1 because of increased commodity prices and staffing costs.

    Guan-Pei Red Bean Cakes Employee
    We raised the prices of our cakes from NT$20 to NT$25 starting on New Year’s Day, but so far we haven’t heard customers complaining about the higher prices.

    San Shang Ciao Fu, a chain noodle shop, hiked prices on 13 of its menu items, with a highest single price rise of five percent.

    Voice of Huang Wei-li
    San Shang Ciao Fu Section Head
    It’s more difficult now to schedule shifts, given the overtime pay issue.

    Darson Chiu
    TIER Forecasting Center Deputy Chief
    The five-day work week system is raising costs, and commodity prices may end up rising two-and-a-half times more than they did (when the government raised electricity and fuel prices). If a business isn’t able to absorb the extra costs it will have to pass them on to consumers, which will of course create inflation in commodity prices.

    In a recent interview with the media, Premier Lin Chuan said that the government’s goal in passing the five-day work week law was to cut employees’ working hours, and stated that society would have to pay a certain price to achieve that goal. Lin admitted that price inflation was an inevitable result of the policy, while confirming that the Cabinet was carefully monitoring the situation.
    中文 Chinese  
    一例一休增加人事成本 多家餐飲業漲價





    [[聲源:三商巧福課長 黃偉莉]]

    [[台經院景氣預測中心副主任 邱達生]]

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