The article “Chinese Rush to Buy Soap Ahead of Price Increases” explains the increased inflation that is affecting China and especially affecting consumers who are forced to pay for rising commodity costs. Soap and detergent prices, alone, are expected to increase 5 to 15% over the next few weeks. One of the biggest problems facing the Chinese workforce is that wages and paychecks are not keeping up with increasing prices. The consumer-price index rose 4.9% in February when compared to February 2010. It is interesting learning about Chinese inflation because it helps give better insight into China’s problems and attitudes as a country.
Kellyn
1 comments:
I have recently read a lot about how China is trying to control inflation. This is difficult to do with China developing at such a quick pace. And China had been accused of control the prices fluctuation. But this is China's biggest problem it is facing right now.
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