Hong Kong: Inflation eases in May
June 21, 2012
Annual inflation fell from 4.7% in April to 4.3% in May, the lowest level since February 2011 and in line with market expectations. According to the statistical institute, higher prices for food and housing where partially offset by a plunge in electricity, gas and water prices, largely due to the government's electricity charge subsidy. Annual average inflation followed suit, and eased from 5.6% in April to 5.5%, the lowest level so far this year.