Published:
Inflation to accelerate further at 4.7% in 2011
Consumer price inflation rose to a two-and-a-half year high of 3.7% in February.
According to Hang Seng Bank's Hong Kong Economic Monitor, inflation in February reflects rising housing rentals, souring oil and food prices and impact of a weaker currency.
Retail prices, as measured by the gap between the value and volume growth surged from about two percentage points in the past few months to over four percentage points in the first two months of this year.
Inflation expectations have moved sharply higher, as the recent trend of rising price pressure seems unlikely to reverse in the near term.
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