In May, consumer prices rose 0.5% over the previous month, below the 0.7% rise recorded in April. The increase was driven by higher prices for food as well as for housing, which were pushed up on the back of increased private rental prices. The monthly price increase drove annual inflation up from 4.6% in April to 5.2% in May, which was slightly above market analyst expectations of a 5.1% increase and marked the fastest pace since July 2008. In addition, annual average inflation rose from 2.9% in April to 3.1%. 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.
Hong Kong Inflation
Inflation rises to highest level in almost three years
June 21, 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.