Annual inflation inched up from 3.7% in August to 3.8% in September. The reading defied market expectations of a 3.6% rate. According to the statistical institute, higher prices for housing and food drove the increase. Annual average inflation, however, eased from 4.7% in August to 4.6% in September, the lowest level since September 2011. A government spokesman stated that "the austere economic environment and more moderate increases in import prices should help to contain inflation in the rest of the year. Nonetheless, the volatility of food and commodity prices amid abundant global liquidity is an area to watch over".
Hong Kong Inflation
Inflation inches up in September
October 22, 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.