In October, annual inflation remained unchanged at September's 3.8%. 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 4.6% in September to 4.4% in October, the lowest level since August 2011. A government spokesman noted that lower price pressures will contain inflation for the remainder of the year, but stated that "the volatility of international food and commodity prices amid the global liquidity glut and the renewed pick-up in local housing rentals in recent months may pose some upside risks to inflation further down the road."
Hong Kong Inflation
Inflation remains stable in October
November 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 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.