End of deflation will not lead to price rises: bank Hong Kong prices will remain stable despite the end of a long deflationary period, the Hang Seng Bank's Economic Monthly has predicted. It says the 6.9 per cent unemployment rate remains high and with wage stagnation, consumers are resisting rising prices. Surging oil prices will not have a significant impact on local inflation because oil products account for less than 1 per cent of factors in the composite consumer price index, the publication said. Tung more popular, university poll finds The popularity rating of Chief Executive Tung Chee-hwa has increased by 1.2 percentage points to 47.9 per cent, the latest poll by the University of Hong Kong's public opinion programme shows. This marked an accumulated recovery of nearly six marks since this year's record low of 42 recorded in mid-May but was still below the benchmark of 50, said pollster Robert Chung Ting-yiu. People's satisfaction with the government has also rebounded since the middle of May. HK to push Beijing on science co-operation Hong Kong will continue to press Beijing for new areas of co-operation in science and technology, Secretary for Commerce and Industry John Tsang Chun-wah said. The mainland and Hong Kong were working to expand business, including a technology initiative for the radio identification of goods in transit, called RFID, in Guangdong, Mr Tsang said. Government bonds and notes shrink deficit Hong Kong's budget deficit was about $5.4 billion for the four months ending July 31, after $20 billion was received from the issue of notes and bonds, the government announced. Spending for April-July amounted to $78.7 billion and revenue to $73.4 billion. The reserves stood at $270.1 billion on July 31.