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  1. HK's inflation rate hits 7.9pc

    Posted Aug 23rd 2011, 12:00am

    ... Patsy Moy patsy.moy@scmp.com Hong Kong inflation rose to 7.9 per cent last month- the sharpest jump in 16 years- confirming what many families already feared as they struggle to keep up ... that inflation rates were 'likely to remain notable in the near term' due to expected increases in the price of food and housing. 'Yet a more positive development has been ...

  2. Inflation concerns have no borders

    Posted Jun 17th 2011, 12:00am

    ... Inflation was clearly on the mind of the State Council's Hong Kong and Macau Affairs Office director, Wang Guangya, during his visit to the city this week, the first since his ... everywhere, which is leading workers to press for higher wages. Governments the world over are trying to cope with the resultant inflation, knowing that if it gets out of hand, a vicious cycle could ...

  3. Hong Kong's anti-inflation measures aren't working

    Posted May 24th 2011, 12:00am

    ... Tom Holland Hong Kong is getting even more expensive, and the government's inflation-fighting policies aren't doing anything to help. Yesterday, the Census and Statistics Department announced that the rate of consumer inflation accelerated to 4.6 per cent last month, up from 4.4 per cent in March- and from zero at the beginning of last year. The rise in inflation can ...

  4. ICBC says online glitch inflated gold quotes

    Posted Dec 29th 2008, 12:00am by Staff Reporter

    ... reported. The newspaper estimated that the bank might lose more than 10 million yuan as a result. 'It was like a gift from Santa,' a seller was quoted by the paper as saying. The inflated ...

  5. Relief measures aimed at keeping inflation in check

    Posted Feb 28th 2008, 12:00am by Fox Yi Hu

    ... Fox Yi Hu The financial secretary said most of the budget relief measures were aimed at fighting inflation, and forecast the inflation rate this year would reach an 11-year high. ... inflation stood at 5.8 per cent. 'I realise that inflation has increased the burden on citizens. Rising food prices, while affecting everyone, hit those with low incomes hardest,' he said. ...

  6. Rich get richer on back of stock market bubble as inflation bites into the poor

    Posted Jan 02nd 2008, 12:00am by Cary Huang

    ... and inflation made rich people richer and poor people poorer. Wealthy investors got richer from booming stock and property markets, while ordinary citizens were mauled by inflation. Inflation started ... at the Chinese Academy of Social Sciences' Institute of Finance and Banking, warned of worsening income disparity as the asset bubble and inflation converged. Professor Yi says the gap between haves ...

  7. Inflation estimate rises on dearer food, weak dollar

    Posted Sep 25th 2007, 12:00am by Dennis Eng

    ... Dennis Eng Currency movements and higher prices over border hit HK pockets The government is raising its full-year inflation forecast for Hong Kong from 1.5 per cent to as high as 2 per cent, reflecting growing concern over the effects of higher food prices, the strengthening yuan, and US dollar weakness. 'Our figures suggest that consumer price inflation for the past ...

  8. Stocks dive on concerns over surging oil, inflation

    Posted Jun 11th 2008, 12:00am by Nick Westra

    ... their holdings amid renewed concerns surging oil prices and inflation will hit global growth. The Shanghai Composite Index fell 257.34 points or 7.73 per cent to 3,072.33, its biggest one-day drop since ... for banks to a record 17.5 per cent on June 25, analysts said investors were becoming more concerned about the outlook for corporate earnings. 'Inflation in May is projected to moderate, ...

  9. Rising mainland pork prices push up HK's June inflation

    Posted Jul 21st 2007, 12:00am by Dennis Eng

    ... Dennis Eng The rising price of mainland pork pushed year-on-year inflation in Hong Kong to 1.3 per cent last month, and is expected to continue affecting consumer prices in the short term. ... to play a bigger role in affecting inflation in the near term.' Inflation rose 1.2 per cent in May. Pork prices have been climbing on the mainland because high feed prices have reduced supply ...

  10. Stocks slide as inflation adds to subprime jitters

    Posted Dec 18th 2007, 12:00am by May Chan

    ... Wong Ka-chun, Maria Chan and May Chan Hong Kong stocks had their biggest decline in more than three weeks yesterday after inflation fears in the US added to jitters that the global economy ... Hong Kong tracked declines across the region as inflation concerns and worries about the US subprime crisis sent investors fleeing. The Hang Seng slipped to as low as 26,551.37 before clawing ...




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