Mon, Jul 10, 2006 - Page 12 News List

Formosa mulls its own gas price hikes

TO HIKE OR NOT TO HIKE The petroleum firm's top officials will meet today to decide whether to follow in Chinese Petroleum Corp's footsteps and raise prices at the pump

By Jackie Lin  /  STAFF REPORTER

The CPI grew 1.73 percent last month from a year earlier, the agency said last week. The statistics agency predicted in May that this year's CPI would grow 1.76 percent from last year.

The government has vowed to keep inflation under 2 percent. However, as prices of natural gas and long-haul bus tickets are due to rise soon, that target may be difficult to achieve, and concerns on looming inflation remain.

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