In February, consumer prices rose 1.1% over the previous month, well above the 0.6% rise recorded in January. Higher prices for food (+2.1% month-on-month) and housing (+3.9% mom) drove the monthly increase. Annual inflation inched up from 3.6% in January to 3.7% in February, exceeding market analyst expectations that the rate would remain unchanged. As a result, annual average inflation also inched up from 2.6% in January to 2.7%. A government spokesman confirmed that consumer prices are subject to upward pressures in the near term, due to rising food and commodity prices. The government sees inflation averaging 4.5% this year.
Hong Kong Inflation
Inflation inches up in February
March 22, 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.
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.