In September, consumer prices rose 0.4% over the previous month, which contrasted the 2.0% drop recorded in August. The rise was caused by a sharp increase in prices of clothing and footwear as well as food. As a result, annual inflation inched up from 5.7% in August to 5.8% in September, which was above market expectations of a 5.4% increase. Annual average inflation rose from 4.2% in August to 4.5% in September. A government spokesman stated that ?inflation is likely to climb up further in the near term before peaking out, as the lagged effects from earlier surges in international food prices and market rentals continue to filter through.? In its August economic outlook, the government expects inflation to average 5.4% this year.
Hong Kong Inflation
Inflation accelerates in September
October 21, 2011
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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.