Stuff From China Could Cost 10% More

Long the land of low low prices, the prices on consumer goods imported from China could rise by as much as 10 percent this year. What’s changed in China?

  • Supply chains being scrutinized closer for lead, poison, other deadly defects
  • Government removing lucrative tax rebates for many exports
  • Rising wages
  • Plastic costs more because oil/petroleum costs more
  • New labor law
  • Ignored environmental laws now being enforced
  • Yuan’s value rising against the dollar
  • Uhoh, WallyWorld is going to be pissed.

    China’s Inflation Hits American Price Tags [NYT]
    (Photo: DCvision2006)