Hong Kong: Inflation stable in November
December 23, 2015
Inflation remained stable at October’s 2.4% in November. The result was in line with market expectations. A government spokesman commented that, “looking ahead, inflation should remain contained in the near term given the soft import prices and moderate local cost pressures.”
Consumer prices rose 1.6% in November over the previous month in seasonally-adjusted terms, which was above October’s 0.6% increase and marked a multi-year high. Meanwhile, annual average inflation inched down from October’s 3.5% to 3.2% in November.
Author: Eric Denis , Economist