Annual inflation inched up from 4.5% in August to 4.6% in September. The print overshot market expectations of 4.4%. According to the Census and Statistics Department, the print was mainly driven by higher prices for fresh vegetables, as well as for electricity, gas and water. Annual average inflation increased slightly from 4.1% in August to 4.2% in September. A government spokesman stated that, "subdued imported inflation and the moderated increases in fresh-letting residential rentals since early 2013 should help to contain the upside risks to inflation in the near term." The government revised its inflation projection for this year and now expects inflation to average 4.3%. FocusEconomics Consensus Forecast panelists expect inflation to average 4.1% in 2013, which is up 0.1 percentage points from last month's forecast. For 2014, the panel expects annual average inflation to moderate to 3.6%, which is unchanged from last month's estimate.
Hong Kong Inflation
Inflation inches up in September
October 21, 2013
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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.