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.© FxWire Pro 2020. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.