Radio Taiwan International
Date: 2018-03-01

Taiwan’s Cabinet is moving quickly to deal with price fixing and hoarding. That’s in light of

Cabinet spokesperson Hsu Kuo-yung explains price fixing will be met with strict punishment. (CNA file photo)

a rush on toilet paper earlier this week, due to concerns about a rise in prices.

Premier William Lai told a Cabinet meeting on Thursday that the central bank has long worked to keep annual Consumer Price Index (CPI) growth to less than 2%. Last year, the CPI increased by 0.62%, while growth this year is projected at 1.21%.

Premier Lai said that there are no concerns when it comes to the supply and pricing of toilet paper. He said that the volatility seen earlier this week will not spread to other commercial goods because toilet paper is a final product and not a raw material.    [FULL  STORY]