Recent Publications

Taiwan Economic Research Monthly The hidden worries of "inflation" that cannot be underestimated ‧ The hidden worries of high inflation are increasing day by day, and inflation has become the first challenge facing the economy in 2022. There are many reasons for the current inflationary pressure. First, short-term factors are mainly caused by the outbreak of the COVID-19, including "commodity shortages" and "low base effect". The rapid freezing has caused the price base period to be very low in 2020, and the control of production lines, supply chains and transportation is more directly stagnant in the transaction and supply of commodities. Secondly, international energy and raw material prices have always been the basic factors affecting consumer prices. The economic rebound in 2021 will ignite the momentum of oil prices and energy price increases, coupled with the uncertainty of the geopolitical situation in the Middle East. In addition, extreme weather in 2021 will cause poor harvests in major food exporting countries. The global food price index released by the United Nations Food and Agriculture Organization has once again rewritten a new ten-year high. The level of energy and raw material prices is closely related to economic growth, geopolitics, weather, climate change, etc., and will continue to influence price fluctuations in various countries in the future.