• Hong kong’s headline inflation likely to have accelerated in September

    Source: FxWire Pro - Commentary / 21 Oct 2019 14:28:32   America/New_York

    Hong Kong’s September inflation data is set to release tomorrow. According to a DBS Bank research report, the headline inflation is likely to have accelerated to 3.7 percent on a year-on-year basis, from August’s 3.5 percent.

    The rise in pork and fruit costs in China have exerted upward pressure on food prices. A soft HKD should also keep import costs high.

    “Yet, headline local costs are largely contained due to slow economic growth and the latest one-off relief measures imposed by the government”, added DBS Bank.

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