Hong Kong: Inflation rises in October
November 23, 2015
Inflation rose from September’s 2.0% to 2.4% in October. The result was in line with market expectations. A government spokesman commented that, “the slightly higher consumer price inflation in October mainly reflected the dissipation of the special fuel rebate in electricity during the month. [...] Looking ahead, inflation should remain contained in the near term given the receding external price pressures and modest growth pace of the local economy.”
Consumer prices rose 1.7% in October over the previous month in seasonally-adjusted terms, which was significantly above September’s 0.2% increase and marked a multi-year high. Meanwhile, annual average inflation inched down from September’s 3.7% to 3.5% in October.
Author: Eric Denis , Economist