In June, consumer prices rose 0.5% over the previous month, unchanged from the 0.5% rise recorded in May. The increase was driven by higher prices for food as well as for housing, which were pushed up on the back of higher private rental prices. The monthly price increase drove annual inflation up from 5.2% in May to 5.6% in June, which matched market analyst expectations and marked the fastest pace since July 2008. Annual average inflation rose from 3.1% in May to 3.3%. A government spokesman confirmed that consumer prices will be subject to upward pressures in the coming months, due to both external and domestic factors including high global food and commodity prices. The government expects inflation to reach 5.4% this year.
Hong Kong Inflation
Inflation continues to rise on higher food and rental prices
July 21, 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.