Hong Kong inflation surges more than predicted

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

In October consumer prices in Hong Kong rose 5.8% on yearly basis, at the same rate as in previous month. Economists surveyed by Bloomberg made a forecast of 5.7%. The increase in inflation rate is mainly associated with surge in rental costs. John Tsang expects inflation to peak in 4th quarter IMF predicts Hong Kong's inflation to slow down to about 4%-5% in 2012.

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