In December, consumer prices rose 0.5% over the previous month, which was up a notch from the 0.4% rise recorded in November. The increase was the result of higher prices for food (+0.8% month-on-month) and housing (+0.5% mom). Annual inflation rose from 2.9% in November to 3.1%, slightly exceeding market expectations, which had seen inflation at 3.0%. As a result, annual average inflation rose from 2.2% in November to 2.4%. A government spokesman confirmed that consumer prices are subject to upward pressures in the near term, due to the pick-up in import prices. In addition, domestic price pressures, such as wages and rents, continue to rise in tandem with the economic recovery.
Hong Kong Inflation
Inflation accelerates in December
January 20, 2011
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Hong Kong Economic News
October 20, 2016
Inflation came in at 2.7% in September, which was markedly below August’s 4.3%—the largest reading in 17 months.
October 5, 2016
The Nikkei Hong Kong Purchasing Managers’ Index (PMI) released by IHS Markit rose from August’s 49.0 to 49.3 in September.
September 30, 2016
Hopes last month that a recovery in retail sales might be underway were dampened in August on the back of declining numbers of mainland tourists.
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Inflation came in at 4.3% in August, which was notably above July’s 2.3%.
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The Nikkei Hong Kong Purchasing Managers’ Index (PMI) released by IHS Markit climbed from July’s 47.2 to 49.0 in August.