Not Lovin' It: Price Increases A Sign Of Things To Come?
We’re not long into the Year of the Dragon and the big chains are already putting the drag into it. Starbucks, Pizza Hut and McDonald's have riled netizens for raising prices on many of their products China-wide. The increases may seem small (the odd kuai here or there) but is it a sign that more retailers will be raising prices in the year ahead? An article on ABC News, reporting on Starbucks' similar pricing increases in the States, certainly seems to think so; they've listed another 11 things that American consumers can expect to pay more for in 2012.
What about consumers right here in Beijing? We've reported on the general trend of inflation here, here and here. But we want to know how your life has been impacted by higher prices for goods and services. What specific items have you noticed costing more? Has it forced you to change your habits? Leave a comment below and let us know.