Rising Labor Costs Drive Prices Of Goods Such As Shoes And Socks Up.

2011/10/17 13:53:00 53

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October 17th hearing, September National

CPI

Up 6.1% over the same period, or slightly lower than 6.5% in July and 6.2% in August.

However, the heads of the relevant departments of the government's economic departments and many experts believe that the price will continue to run at a high level in the future, and the pressure will remain great.

Zhou Wangjun, deputy director of the price department of the State Development and Reform Commission, said that the inflection point of China's price trend has already appeared, and that the latter has stabilized and dropped.

Zhou Wangjun said that although pork prices will remain stable, there are many new price increases.

Under the influence of rising costs and supply and demand, the price of vegetables and Japonica Rice will probably increase slightly next year.

Secondly, China is also facing the problem of rising prices of industrial consumer goods.

Since last year, minimum wage standards have increased by 20% at least.

Recently, beverages, alcohol,

clothes

The rise in commodity prices such as instant noodles, shoes and socks is the result of the push up of labor costs.

Liu Yuanchun, vice president of School of economics, Renmin University of China, also holds that China's inflationary inflection point is basically established.

CPI will fall further in October, "of course, do not expect to fall too much".

Unlike previous imported and currency driven inflation, the biggest factor in this round of inflation is cost push, and it will rise in the medium term.

Labor, resources, energy,

capital

Such factor cost may continue to rise.