Are Taiwanese consumers better off than they were a decade ago?

The News Lens
Date: 2018/04/09
By: Morley J Weston

示意圖，非實際違規業者。Photo Credit：Connie Ma CC BY-SA 2.0
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The price of almost everything is going up in Taiwan, but the good news is that the nation’s tepid income growth is usually able to outpace prices.

Medical care has doubled in price since the early 1980s, housing costs saw a 46 percent increase and the only large drop has been the price of communication. The boom time of the ’80s and ’90s is over; prices have remained remarkably steady for the past decade, with one notable exception — food.

Since 2003, food prices, have risen 41 percent, while incomes rose just 18 percent.
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