Finance, Forex and Investments

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Summary: about $12 per day, which is higher than labor costs in high-export countries of China and India. At the same time, price of non-traded goods have increased much faster than traded goods. Figure 4 shows how prices of different types of goods have changed over time. Prices have been rising the fastest for medical care and housing. Both are income elastic and cannot be imported

Image Dimensions: 612 x 396