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China’s price of hair care triples over HK

By Jia Xu (chinadaily.com.cn)
Updated: 2010-11-08 17:32

Food and commodity price comparasion catalog -- Shanghai shown in red, and Hong Kong shown in blue.[Photo/DF Daily]

Before the figures of October's CPI are released on Nov 11 by the National Development and Reform Commission(NDRC), a survey conducted by Dongfang Daily and the Department of Finance & Business of Fudan University shows Shanghai’s commodity prices, such as hair shampoo, and skin care products, 31.5 percent higher than that of Hong Kong, the Dongfang Daily reported on Nov.8,2010.

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As recent report from the NDRC shows 80 percent of 31 foods witnessed price hikes, including ginger, garlic, apple, sugar and cotton since last October.

The survey compares prices of the same hair care products in Shanghai and Hong Kong, finding Rejoice, a shampoo by P&G Co sells at 75 yuan in Shanghai Carrefour supermarket, while it sells at HK$59.9 (51.4 yuan).That makes the same shampoo product in Shanghai 31.5 percent higher than Hong Kong.

It is not only commodities that price higher over that of Hong Kong. The survey also took comparing samples of products like apples, eggs and oil which also revealing the current Shanghai food price high over Hong Kong.

Another interesting phenomena show the price hike has triggered Shenzhen residents to drive to Hong Kong for daily necessity products.