Middle East Conflict Impact Emerges: April CPI Annual Growth Expands to 1.74%
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Due to the escalating conflict in the Middle East, international oil prices have risen, and their impact on domestic prices in Taiwan is becoming apparent. Taiwan's Directorate-General of Budget, Accounting and Statistics announced today that the Consumer Price Index (CPI) annual growth rate for April was 1.74%, a significant increase from 1.2% in March, with fuel costs soaring by 13.6%.