FOREX TradingCharts.com

Financial News: Hong Kong Inflation Lowest In 5 Months

Hong Kong Inflation Lowest In 5 Months

11/21/2019 - 06:26:00 (RTTNews)

(RTTNews) - Hong Kong's consumer price inflation eased to the lowest level in five months in October, data from the Census and Statistics Department showed on Thursday.

The consumer price index rose 3.1 percent year-on-year in October, after a 3.2 percent increase in September. That was in line with economists' expectation.

The latest inflation was the lowest since May, when prices rose 2.8 percent.

Excluding the effects of all government's one-off relief measures, core inflation eased to 3.1 percent in October from 3.2 percent in the previous month.

The smaller inflation was mainly due to the rise in private housing rentals and prices of fresh fruit, the agency said.

"Price pressures on most major CPI components were largely moderate but food inflation remained high due to elevated pork prices," a government spokesman said.

"Looking ahead, modest global inflation and subdued economic conditions should help contain overall inflation."

However, inflation may stay somewhat elevated in the near term given the supply situation of fresh pork, the spokesman added.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Lowers Budget Surplus Forecast (32 min(s), 27 sec(s) ago)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story»

Japan Tertiary Activity Falls In October (52 min(s), 27 sec(s) ago)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story»

UK House Prices To Rise 2% In 2020: Rightmove (16 min(s), 33 sec(s) ago)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story»

European Economics Preview: Eurozone Flash PMI Data Due (50 min(s), 33 sec(s) ago)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story»

China Industrial Production, Retail Sales Growth Tops Expectations (27 min(s), 33 sec(s) ago)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story»

China Industrial Production Jumps 6.2% On Year (58 min(s), 33 sec(s) ago)
(RTTNews) - Industrial production in China was up 6.2 percent on year in November, the National Bu ...Full Story»

Japan Manufacturing PMI Slips To 48.8 - Nikkei (28 min(s), 33 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in December, and at a slightly ...Full Story»

China Data On Tap For Monday (13 min(s), 33 sec(s) ago)
(RTTNews) - China will release a raft of data on Monday, setting the pace for a busy day in Asia-P ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Lowers Budget Surplus Forecast

12/16/2019 - 01:45 AM (RTTNews)
(RTTNews) - Australia's government downgraded its budget surplus forecast for the current year ...Full Story>>

Japan Tertiary Activity Falls In October

12/16/2019 - 01:25 AM (RTTNews)
(RTTNews) - Japan's tertiary industry activity declined at a faster-than-expected rate in Octo ...Full Story>>

UK House Prices To Rise 2% In 2020: Rightmove

12/15/2019 - 23:34 PM (RTTNews)
(RTTNews) - UK house prices are forecast to climb 2 percent next year with strong performance in n ...Full Story>>

European Economics Preview: Eurozone Flash PMI Data Due

12/15/2019 - 23:08 PM (RTTNews)
(RTTNews) - Flash Purchasing managers' survey data from euro area is due on Monday, headlining ...Full Story>>

China Industrial Production, Retail Sales Growth Tops Expectations

12/15/2019 - 22:45 PM (RTTNews)
(RTTNews) - China industrial production and retail sales expanded at the fastest pace in five mont ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.