Posted inBeijing, Chengdu, China, Shanghai, World

China’s luxury consumer price index soars

China’s luxury Consumer Price Index (CPI) rose 3.6% on a yearly basis in 2017, outpacing June’s nationwide CPI of 1.5 percent, the Hurun Research Institute said on July 26. And over the past decade, the country’s luxury CPI has scored a cumulative increase of 82%, more than doubling the inflation rate experienced by the average […]

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