Annual inflation fell from 4.3% in May to 3.7% in June, the lowest level seen since February 2011 and below market expectations of a 3.8% rate. According to the statistical institute, higher prices for food and housing where partially offset by a plunge in electricity, gas and water prices, largely due to the government's electricity charge subsidy. Annual average inflation followed suit and eased from 5.5% in May to 5.4%, the lowest level recorded so far this year. A government spokesman stated that inflation is likely to recede further in the coming months, given the difficult external economic environment and the deceleration of import prices. The government expects headline inflation to moderate to 3.5% this year.
Hong Kong Inflation
Inflation moderates in June
July 23, 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.