Hong Kong Inflation

Hong Kong

Hong Kong: Inflation accelerates in January

February 22, 2011

In January, consumer prices rose 0.6% over the previous month, up from the 0.5% rise recorded in December. Higher prices for food (+1.5% month-on-month) and housing (+0.6% mom) contributed to the increase. Annual inflation jumped from 3.1% in December to 3.6%, exceeding the 3.3% inflation rate expected by market analysts. As a result, annual average inflation rose from 2.4% in December to 2.6%. A government spokesman confirmed that consumer prices are subject to upward pressures in the near term, due to rising food and commodity prices. In addition, domestic price pressures, such as wages and rents, continue to rise in tandem with the economic recovery.


Sample Report

Looking for forecasts related to Inflation in Hong Kong? Download a sample report now.


Hong Kong Economic News

More news

Search form