日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Inflation balloons to 35-month high

Updated: 2011-07-22 06:31

By Joy Li(HK Edition)

  Print Mail Large Medium  Small

 Inflation balloons to 35-month high

Shopper choose vegetables at a food market in Hong Kong. Dale de la Rey / Bloomberg

Inflation balloons to 35-month high

Economists fear full blown inflation shock may follow

Rising rents, household services charges and prices of pork have nudged Hong Kong's inflation rate to a 35-month high, an upward pressure that will continue to weigh on the local economy in the coming months, warned the government.

Overall consumer prices, as measured by the composite Consumer Price Index (CPI), rose by 5.6 percent in June over the same month a year ago, a quickened pace compared to the 5.2 percent seen in May, the Census and Statistics Department said on Thursday.

For the first half of 2011 as a whole, the CPI rose by 4.5 percent over a year earlier.

June's inflation rate represented the fastest pace since July 2008.

Netting out the effects of all government's one-off relief measures, the underlying inflation rate was 5.5 percent in June, higher than May's 5.1 percent.

"Private housing rentals and food prices were the two major driving forces accounting for about 70 percent of the year-to-year rate of increase in the underlying Composite CPI in June," said a government spokesman.

The spokesman added that the economy will continue to face upward price pressures in the coming months.

"While global food and commodity prices are likely to stay elevated, domestic cost pressures may also increase as a result of the brisk expansion of the local economy since early 2010," the spokesman said.

Hong Kong's GDP grew by a better-than-expected 7.2 percent in the first quarter of this year from a year ago, helped by strong exports and free-spending tourists from the mainland.

A breakdown shows that private housing rental costs rose 7.1 percent and food prices went up 7.2 percent.

Kevin Lai, macro-economist at Daiwa Securities, said he believes that "a full-blown inflation shock" looms for Hong Kong and the inflation rate may hit as high as 7.8 percent by September.

"We can see that inflation has spread to services like transportation and education," said Lai. "I am very worried about how long households and enterprises can endure the pain since inflation can kill an economy."

He expected local economic growth to slow down sharply in the next six months.

According to a MasterCard Consumer Confidence survey released on Tuesday, Hong Kong consumers have become less optimistic.

The latest survey reading fell to 69.9 from 74.7 six months ago and 76.6 a year ago.

Optimism fell on all key indicators apart from the stock market.

Quality of life was down, receiving a rather gloomy 49.9 after sliding from a positive 57.7 six months ago.

Also down from the previous survey were regular income, to 81.4 from 83.2, employment, to 71.5 from 80.4, and the economy, to 69.4 from 77.9.

The survey taken across Asia in April interviewed 10,374 consumers.

joyli@chinadailyhk.com

China Daily

(HK Edition 07/22/2011 page1)

主站蜘蛛池模板: 狠狠躁日日躁夜夜躁2022麻豆 | 波多野吉衣一区二区三区 | 日韩高清欧美 | 美腿丝袜av| 在线免费播放av | 天堂在线观看中文字幕 | 午夜免费播放观看在线视频 | 四虎永久地址 | 欧美日韩亚洲色图 | 人人爽视频| 不卡视频一区二区 | 免费在线日本 | 日本一卡二卡在线 | 超碰最新网址 | 欧美黄色一级网站 | 成人在线黄色 | 成人免费视频网站在线看 | 国产影视一区二区 | 久久九九热 | 国产视频1区2区 | 手机av免费 | 成人免费网站在线观看 | 青草一区 | 黄色av网站在线免费观看 | 69国产精品| 特级西西人体444是什么意思 | 国内精品国产成人国产三级 | 久久久久综合 | www欧美视频| 国产欧美在线播放 | 男女视频国产 | 亚洲天堂少妇 | 国产亲伦免费视频播放 | 97超碰人人 | 久久精品视频中文字幕 | 国产精品美女www爽爽爽视频 | 欧美特级特黄aaaaaa在线看 | 亚洲欧洲免费视频 | 日韩欧美一级视频 | 国产三级在线观看视频 | 欧美精品在线观看 |