In January, consumer prices rose 0.9% over the previous month, which was above the 0.6% increase recorded in December. According to the statistical institute, food prices and housing rentals were the main drivers behind the monthly increase. Annual inflation rose to 6.1% in January from 5.7% in December, which overshot market expectations of 5.8%. The reading was influenced by the Lunar New Year celebration, which boosted consumption during the month. Moreover, annual average inflation edged up from 5.3% in December to 5.5% in January. Despite the monthly rise, a government spokesman stated that ?with the recent retreat of global food and commodity prices as well as slower local economic growth, inflation should gradually come down over the course of 2012?. The government expects headline inflation to moderate to 3.5% this year.
Hong Kong Inflation
Inflation quickens in January
February 20, 2012
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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.