In October, consumer prices jumped 2.1% over the previous month, which was well above the 0.3% rise recorded in September. The increase was the result of higher prices for housing (+5.9% month-on-month), as the September waiver of public housing rentals by the Housing Authority led to a low base of comparison. Despite the monthly price jump, annual inflation remained unchanged at September's 2.6%, exceeding market expectations, which had seen inflation moderating to 2.4%. However, annual average inflation inched up from 2.0% in September to 2.1%. A government spokesman stated that consumer prices are subject to upward pressures in the near term, as wages and rents continue to rise in tandem with the economic recovery. In addition, the new round of quantitative easing in the United States will also pose upside risks to inflation. The government sees inflation averaging 2.5% this year.
Hong Kong Inflation
Inflation remains unchanged in October
November 22, 2010
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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.