In January, consumer prices rose 0.6% over the previous month, up from the 0.5% rise recorded in December. Higher prices for food (+1.5% month-on-month) and housing (+0.6% mom) contributed to the increase. Annual inflation jumped from 3.1% in December to 3.6%, exceeding the 3.3% inflation rate expected by market analysts. As a result, annual average inflation rose from 2.4% in December to 2.6%. A government spokesman confirmed that consumer prices are subject to upward pressures in the near term, due to rising food and commodity 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 January
February 22, 2011
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Hong Kong Economic News
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.
September 22, 2016
Inflation came in at 4.3% in August, which was notably above July’s 2.3%.
September 5, 2016
The Nikkei Hong Kong Purchasing Managers’ Index (PMI) released by IHS Markit climbed from July’s 47.2 to 49.0 in August.
August 29, 2016
Although tourist visitors increased for the first time in July after 13 months of successive drops, the effect on retail sales appears to have been limited.