Inflation Impacts Chinese New Year Celebrations in 2024
With inflation still running high in 2024, the Chinese New Year festivities have been affected by rising costs. Essential festive goods, including traditional foods, decorations, and gifts, have seen price increases, making celebrations more expensive for many households.
Market analysts note that supply chain disruptions and higher production costs have contributed to the price hikes, particularly for imported goods. Despite the economic strain, businesses continue to offer promotions and discounts to attract consumers, ensuring that the festive spirit remains strong despite financial challenges.
