Acting as expensive luxury items in China this year

  Chinese luxury consumers face rising prices this year, especially in the areas of travel, alcohol and education, according to the index of consumer prices of luxury sp? Ter Hurun Report.

You see, as things now cost more>

Hurun, an index of alternative luxury price for a basket of 62 high-quality products and services (32 of which are imported) calculates said its index by 2.79 percent from 2011 h or 2.74 percent? Ago as the national consumption China's price index.

And in the last six years was the price index Hurun Luxury national consumer price index by 38 percent.

Of the nine categories measured by Hurun, the prices of most luxury travel have increased in 2012, which. An increase of 11.92 percent over the previous year A category, jets and yachts grew slower than the national CPI. Luxury property was the only sector to see lower prices, but still twice. Over a period of four years

Two factors played a role in the Preiserh? Depreciated exchange rates and relationships? Changes in duties, Hurun said.

China Million r Bev? POPULATION w? Highest further and seems to be little of the rising prices of luxury affected. There are now 271 Milliard? Re (in dollars) by mainland China, from 189 in the previous year. And there are a million? Re 1.02, an increase of 6.3 percent over the previous year.

Luxury brands are increasingly arriving in China, and thrived in spite of the significant price increases. The price for a classic Chanel bag has doubled from 2007 to 2012, and a Piaget Polo now costs 40 percent more than in 2008, according to Hurun.