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Inflation in Asia Makes US Imports Cost More

News Flash: Asia's Impact on Your Shopping Habit

Asian exporters are feeling rising inflation pangs and passing their increased costs on to Western consumers, who have been spoiled for decades by cheap imports from countries like Japan, Korea, China, increasingly Vietnam and India. The New York Times explains that because about half of all US imports are produced by developing countries and the onset of inflation in these countries arrives as many of their currencies are rising against the dollar, consumers in the US will be feeling this two-sided hit. We'll be paying more because the dollar buys less, and also to cover some of the higher production costs.

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Join The Conversation
JaimeLeah526 JaimeLeah526 9 years
When will this end? I'm moving to Canada!
raieven raieven 9 years
Sometimes I just can't wait to move away from here!!
princessjaslew princessjaslew 9 years
is it any surprise? I mean, europe is coming to the US because we are cheaper!
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