Hong Kong: Inflation accelerates in August from the prior month but remains mild
Latest reading: Consumer prices were up 1.1% on a year-on-year basis in August, following a 1.0% increase in the prior month. As such, inflation remains well below the global average, kept in check by mainland China’s huge manufacturing capacity and subdued private spending as some Hong Kongers opt to shop on the mainland.
Finally, consumer prices increased 0.09% in August on a month-on-month basis, following a 0.55% increase in the prior month.