China?s luxury goods increase in price as affluent classes swell

China?s luxury consumer price index?s rate of increase is at a five-year high, according to a report from Hurun. From June 2015 to June 2016, the luxury consumer price index increased by 5.1 percent, much higher than the standard consumer price index (CPI)?s 1.9 percent increase, per the National Bureau of Statistics of China. As prices increase, C...

If you liked this article you might be interested in these..