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Cheng Li-chun: Q1 CPI Annual Growth Rate Lower Than Expected, Price Stabilization Measures Effective

NQ Score 100/100

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The Executive Yuan announced that the Q1 CPI annual growth rate was 1.23%, lower than the predicted 1.38%, due to various price stabilization measures. These measures included applying a minimum price principle for gasoline and diesel, extending tax reductions on key raw materials, and freezing prices for natural gas, electricity, and public transport. The Ministry of Economic Affairs is also promoting increased production of ethylene and polyethylene to meet domestic demand and a flat-price project for plastic bags.

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