Signs That the Era of Cheap Chinese Imports Is Ending |
| New York Times - Oct 21, 2011 |
THE great Chinese-led deflation in goods prices may have come to an end.
Beginning in the 1990s, the emergence of China as a major exporter first depressed and then held down the prices of many goods, helping to improve living standards in the United States. But recently, prices have begun to rise.
The change can be seen clearly in the accompanying charts showing the Consumer Price Index for apparel. Because prices can be volatile, they use three-month moving averages to smooth the trends.
The first chart shows how prices have moved over the last two decades, from the end of 1991 through the September figures released this week. Prices are still well below where they were in 1991, a performance that no one would have expected at the time. Over the previous two decades, beginning in 1971, that index doubled.
Read Full Article from New York Times
- Posted: 2011-10-21 12:46:06
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