In April, consumer prices rose 0.7% over the previous month, above the 0.3% rise recorded in March. The increase was driven by higher prices for clothing and footwear as well as for transport. As a result of the pronounced monthly price increase, annual inflation rose from 4.4% in March to 4.6% in April, which was in line with market analyst expectations and marked the fastest pace since August 2008. In addition, annual average inflation rose from 2.7% in March to 2.9%. A government spokesman confirmed that consumer prices are subject to upward pressures in the near term, due to rising food prices and private residential rentals. On May 13, the government raised its inflation forecast for this year to 5.4% from its previous 4.5% estimate.
Hong Kong Inflation
Inflation rises to 32-month high
May 23, 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.