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The Impact Of Global Inflation

  • Categories:NEWS
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  • Time of issue:2021-07-08 11:31
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(Summary description)With the rise of China's CPI index and increase of labor cost, coupled with the rise of raw materials this year, FSTB Group have adjusted the price of the thermostat to keep the good quality.

The Impact Of Global Inflation

(Summary description)With the rise of China's CPI index and increase of labor cost, coupled with the rise of raw materials this year, FSTB Group have adjusted the price of the thermostat to keep the good quality.

  • Categories:NEWS
  • Author:
  • Origin:
  • Time of issue:2021-07-08 11:31
  • Views:
Information

South Korea

Recently, the latest data released by the South Korean statistics portal showed that from January to June 2021, the price index of agricultural and sideline products in South Korea increased by 12.6% year on year, the highest increase in 30 years. In June, the price of agricultural and sideline products in South Korea rose by 10.4% in a single month, maintaining double-digit growth for six consecutive months

India

Inflation in India, as measured by the wholesale price index, rose to 7.55% in May, up from 7.23% in April, mainly due to rising food and fuel prices. According to the Ministry of Commerce and industry, food prices rose 10.74% in May, up from 10.49% in April.

Germany

In May 2021, the German consumer price index (CPI) rose to 2.5% year-on-year, in line with preliminary estimates, and rose by 2.0% in April. This is the highest inflation since September 2011, as the rise in energy prices and the temporary reduction in VAT have ended.

Russia

Following a 5.5% rise in April, Russian consumer prices rose 6.0% in May 2021, higher than the 5.8% expected by the market. The latest data is still well above the 4% target of the central bank, the highest inflation rate since October 2016,

Austria

Austria's annual inflation rate jumped from 1.9% in April to 2.8% in May 2021. This is the biggest increase in consumer prices since December 2012.

With the rise of China's CPI index and further increase of labor cost, coupled with the rise of raw materials this year, FSTB Group have adjusted the price of the thermostat to keep the good quality.

 

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