• Wednesday
  • November 26, 2014
  • Last updated: 12:25pm
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 76 for inflation

Related topics matching your search

Search results

  1. Consumer prices fall as deflation strikes for first time in five years

    Posted Aug 21st 2009, 12:00am by Dennis Eng

    ... and economic recession, the spokesman said. The official inflation forecast for this year has been revised to 0.5 per cent from 1 per cent. For the first seven months, prices rose 0.5 per cent year ... for clothing and footwear. There were initial fears of runaway inflation as governments around the world in pumped hundreds of billions of dollars in the hopes of kick-starting the global economy. ...

  2. Slowing HK growth will help cut inflation, official economist predicts

    Posted Aug 16th 2008, 12:00am by Dennis Eng

    ... Government economist Kwok Kwok-chuen said the first-quarter growth was 'too fast' and warned of sustained high inflation. 'A prolonged period of 7 per cent-plus growth is one of the reasons our inflation pressure is building up.' Consumer prices jumped 5.7 per cent in the second quarter, due mainly to surging food prices and rents. The government raised its inflation ...

  3. Warning of rising inflation amid slowing growth

    Posted Jul 04th 2008, 12:00am by Dennis Eng

    ... Dennis Eng Rising inflation is the biggest danger to Hong Kong's economic growth, which is projected to ease to about 5 per cent in the second half of the year, from an estimated 6.6 per cent in the first half, the University of Hong Kong said. The university expects full-year growth to moderate to 5.7 per cent, with inflation reaching 6 per cent. Real gross domestic ...

  4. Inflation slows as weak global demand begins to take hold

    Posted Apr 24th 2009, 12:00am by Dennis Eng

    ... Dennis Eng Inflation continues to slow amid weak global demand, with prices rising by just 1.2 per cent last month compared with a year ago. This is down from the 2 per cent inflation ... spokesman said falling private housing rents and food prices were mainly responsible for the more moderate inflation. One-off government relief measures, such as the electricity charge subsidy, also ...

  5. Inflation down to 0.8pc as food, rent fall

    Posted Mar 21st 2009, 12:00am by Dennis Eng

    ... Dennis Eng Consumer prices rose just 0.8 per cent last month from a year earlier, a significant easing from January when inflation was 3.1 per cent, the government said. More moderate food price increases and housing rents accounted for the slower pace of inflation last month. Economists, who had forecast an inflation rate of 1.3 per cent last month, do not expect serious ...

  6. Mainland's attack on inflation will lure HK shoppers, experts say

    Posted Jul 22nd 2008, 12:00am by Dennis Eng

    ... Dennis Eng Consumers could face higher inflation in Hong Kong than on the mainland within two months and may increasingly shop across the border as a result, academics have warned. Mainland efforts to rein in consumer prices have seen a sharp slowdown in inflation, which eased to a still relatively high 7.1 per cent last month. The mainland's inflation rate in May ...

  7. Relief measures mask true inflation figure

    Posted Sep 23rd 2008, 12:00am by Dennis Eng

    ... Dennis Eng Underlying inflation held steady at 6.3 per cent last month although government relief measures artificially lowered the rise in consumer prices to an official 4.6 per cent. Financial Secretary John Tsang Chun-wah said he expected inflation to ease as long as consumer prices remained stable. The government implemented a one-off payment of three months' public ...

  8. Hong Kong set to host consumer congress for a second time

    Posted Jun 28th 2008, 12:00am by Dennis Eng

    ... of easing the effect of inflation on vulnerable consumers, he said. In Hong Kong, which prides itself on preserving free-market principles, the government has proposed scrapping the 56 HK cents ... concept but the government feels it has to ensure consumers have the basics,' she said. 'In light of inflation, the government has removed the price ceiling of some items ...

  9. High rents help tip inflation over 2pc, highest since 1998

    Posted Jun 23rd 2006, 12:00am by Dennis Eng

    ... Dennis Eng Higher rents for private housing and the rising cost of dining out have contributed to inflation topping 2 per cent for the first time in almost eight years, the government says. A spokesman said moderate inflation was likely to be sustained this year as the labour market improved and domestic consumption drove up prices. The Census and Statistics Department said ...

  10. Spending habits alter inflation formula

    Posted Apr 28th 2006, 12:00am by Dennis Eng

    ... are down. Under the new formula, March inflation was 1.6 per cent, against 1.8 per cent under the old CPI formula. Dominic Leung Kam-to, acting commissioner for census and statistics, said the old index, using weightings from 1999, had overestimated inflation. However, the government's inflation forecast for 2006, announced in February, remained unchanged at 2.3 per cent. 'The ...




SCMP.com Account