Annual inflation fell from 4.7% in April to 4.3% in May, the lowest level since February 2011 and in line with market expectations. According to the statistical institute, higher prices for food and housing where partially offset by a plunge in electricity, gas and water prices, largely due to the government's electricity charge subsidy. Annual average inflation followed suit, and eased from 5.6% in April to 5.5%, the lowest level so far this year.
Hong Kong Inflation
Inflation eases in May
June 21, 2012
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Hong Kong Inflation Chart
Note: Year-on-year and annual average variation of consumer price index in %.
Source: Census and Statistics Department Hong Kong.
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.