FOREX TradingCharts.com

Financial News: Hong Kong Inflation Rises As Expected In December

Hong Kong Inflation Rises As Expected In December

01/23/2018 - 04:35:00 (RTTNews)

(RTTNews) - Hong Kong's consumer price inflation accelerated for the third straight month in December, in line with expectations, figures from the Census and Statistics Department showed Tuesday.

The consumer price index climbed 1.7 percent year-over-year in December, slightly above the 1.6 percent increase in November. The measure has been rising since March.

The underlying inflation, which excludes one-off relief measures of the government, also rose to 1.7 percent from 1.6 percent.

Housing costs grew 2.5 percent annually in December and transport costs went up by 1.7 percent. Meanwhile, prices of durable goods dropped 1.4 percent.

For 2017 as a whole, the composite CPI was on average 1.5 percent higher than that in the preceding 12-month period.

"Looking ahead, inflation pressure should remain moderate in the near term, considering the still-modest global inflation and steady rises in local costs," a government spokesman said.

"Nevertheless, going further ahead, inflation pressure may increase somewhat if the global economic upturn continues and the local economy sustains notable growth."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Inflation Slows For Second Month (12 hr(s), 27 min(s), 42 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story»

Latvia Inflation At 14-Month Low (12 hr(s), 39 min(s), 42 sec(s) ago)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story»

OECD Unemployment Rate Falls In December (12 hr(s), 40 min(s), 42 sec(s) ago)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story»

China's Bank Lending At Record High (13 hr(s), 09 min(s), 42 sec(s) ago)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story»

UK January Household Spending Fall First In 5 Years: Visa Survey (14 hr(s), 44 min(s), 42 sec(s) ago)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story»

Swiss Inflation Slows In January (15 hr(s), 31 min(s), 42 sec(s) ago)
(RTTNews) - Switzerland's consumer price inflation slowed in January, data from the Federal St ...Full Story»

Singapore Visitor Arrivals, Tourism Receipts Hit Record Highs In 2017 (15 hr(s), 42 min(s), 42 sec(s) ago)
(RTTNews) - Singapore's both tourism receipts and visitor arrivals attained record highs for t ...Full Story»

Romania Industrial Production Grows Sharply In December (16 hr(s), 31 min(s), 42 sec(s) ago)
(RTTNews) - Romania's industrial production expanded markedly at the end of the year, mainly d ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Inflation Slows For Second Month

02/12/2018 - 06:39 AM (RTTNews)
(RTTNews) - Portugal's consumer price inflation eased for the second straight month in January ...Full Story>>

Latvia Inflation At 14-Month Low

02/12/2018 - 06:27 AM (RTTNews)
(RTTNews) - Latvia's consumer price inflation eased for the fifth successive month in January ...Full Story>>

OECD Unemployment Rate Falls In December

02/12/2018 - 06:26 AM (RTTNews)
(RTTNews) - The unemployment rate in the Organization for Economic Cooperation and Development are ...Full Story>>

China's Bank Lending At Record High

02/12/2018 - 05:57 AM (RTTNews)
(RTTNews) - China's banks lent a record amount of new yuan loans in January, data from the Peo ...Full Story>>

UK January Household Spending Fall First In 5 Years: Visa Survey

02/12/2018 - 04:22 AM (RTTNews)
(RTTNews) - UK household spending declined at the start of the year, which was the first January d ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.