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ECONOMY | Staff Reporter, Hong Kong
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Consumer inflation up, says forecast

This is said to be driven by ongoing surge in housing rents.

Morgan Stanley Research noted:

Consumer inflation is expected to have picked up further in May, driven most noticeably by the ongoing surge in housing rents. We forecast headline CPI inflation to reach 5% YoY, the highest since July 2008, while underlying inflation is also expected to pick up, to 4.8%.

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