Hong Kong's headline October CPI is up 3.8% on-year, unchanged from September, but above the median 3.7% increase forecast by five economists polled by Dow Jones Newswires. A government spokesman says the city's inflation should be contained for the rest of the year, partly because of slowing local economic growth. "However, the volatility of international food and commodity prices amid the global liquidity glut and the renewed pick-up in local housing rentals in recent months may pose some upside risks to inflation further down the road," the spokesman adds.
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