Annual inflation fell from 3.7% in June to 1.6% in July, the lowest level seen since July 2010 and well below market expectations of a 3.5% rate. According to the statistical institute, prices for housing fell notably due to the government's payment of public housing rentals, which did not take place in the same month last year. Annual average inflation followed suit and eased from 5.4% in June to 4.9%, the lowest level since October 2011. A government spokesman stated that given the more difficult economic environment as well as the deceleration of import prices, inflation is likely to recede further in the coming months.
Hong Kong Inflation
Inflation decelerates sharply in July on government distortion
August 21, 2012
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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.