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Workers expect to pay NT$3,000 more a month due to price hikes: poll

2012/06/02 18:48:54

Taipei, June 2 (CNA) Over 50 percent of office workers expect to spend up to NT$3,000 (US$100) more per month as a result of rising utility prices, according to a recent poll on the sources of financial stress to office workers.

Due to a recent hike in fuel prices and upcoming increases in electricity fees, 51.23 percent of those polled by the online job bank 1111 said they expected to spend up to NT$3,000 more per month, the survey released Saturday showed.

The poll also showed 35.19 percent expected an additional spending of over NT$3,000 per month, while 13.58 percent put their estimates at under NT$1,000 per month.

On average, office workers will need to spend a monthly average of NT$2,948 more per month, which translates into an annual average of NT$35,376, according to calculations by the online job bank.

Some 58.64 percent chose fuel prices as the main source of financial stress in the multiple choice survey. Domestic fuel prices were increased by between 7 and 11 percent in early April.

A total of 54.32 percent picked electricity price hikes, which are scheduled to rise by a combined 9 percent, 21 percent and 27 percent, on average, for household, commercial and industrial users, respectively.

The increases will be carried out in three stages, beginning June 10 and then on Dec. 10. The date for the final stage has yet to be determined.

Meanwhile, 36.42 percent said they were burdened by climbing grocery prices, while 32.1 percent complained the price of eating out had increased.

The poll was conducted by e-mail May 15-29 among 1,134 valid samples. It had a confidence level of 95 percent and a margin of error of plus or minus 2.91 percentage points.

(By Constant Wu and Scully Hsiao)