Garment producing countries, higher inflation _985

[qbxqk314]

Labor costs in the garment-producing countries, inflation continued to rise, according to media reports, Bangladesh garment workers protest before the rise in consumer prices, launch new strikes and violent demonstrations started, and the ( 2008) in May prices soaring by more than 20% of Vietnam is also similar protests. Garment workers' groups in the food, and especially grain prices soared in recent months, the moment the request is put forward substantial pay rises.
Since the beginning of the year, inflation increased significantly, showing double-digit price growth. rising food prices doubled in the past year, wages may lead to substantial rises in garment factories.
Vietnam, the world record
This situation can class observed in Vietnam,promotional clothing, Vietnam in May's inflation rate reached 25.2% is among the highest in the world. Earlier media reports,cloth headbands, in the main production of shoes and other products of foreign factories have set off a wave of strikes, I am afraid that the new strike in Vietnam will be more and more.
Food prices rose 42.4% over last year, including rice, including soaring food prices and even 67.8%.
However, at lower prices due to China's global apparel market less competitive, making clear the Vietnamese garment exports continued to surge. Other Asian countries face the case of consumer price inflation, in order to protect the working poor, caught in a dilemma situation.
Subsidies or grants
Many countries have more emphasis on basic daily necessities in terms of subsidies, such as Egypt gas subsidies, rice or bread. cost of this kind of economic policy that can not load quickly, especially in crude oil prices reached its peak level in May, the case.
Decided not to provide fuel subsidies in Indonesia and from rises in oil prices since the end of May, the average increase of 28.7%. On the contrary, the Malaysian authorities have yet to hike its prices.
Governments in order to avoid rising prices cause inflation / wages continue to increase rapidly, is trying to limit the salary increase was. According to the latest official data, India's inflation rate is not high, but in the week of May 17,personalized caps, when wholesale prices rose 8.1%.
Adjusted by the minimum wage
Thai government since June, a substantial minimum wage hike, wage hike but still far below the inflation rate. However, the Thai baht's devaluation in the near future should help export growth.
As in Indonesia, like other countries around the world, food prices led to the first quarter of this year, Indonesia's domestic demand for textiles and clothing 27% decline in April's inflation rate of 7.4% from February and 3 month rose to 8.96% 8.17%. In addition, the Indian apparel retail sales, inflation also adversely affected.
The International Monetary Fund (IMF) data, Vietnam, Sri Lanka and Egypt, the rapid rise in prices, the Philippines and Morocco's inflation rate is relatively low.
      
      
      
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