The inflation rate for consumer prices in Hong Kong moved over the past 38 years between -4.0% and 11.2%. People wearing face masks queue at a community nucleic acid testing centre for the coronavirus disease (COVID-19) at Sha Tin district, in Hong Kong, China, February 7, 2022. Inflation outlook 2022: riding out the storm with real assets. Historically, the Hong Kong Stock Market Index (HK50) reached an all time high of 33484.08 in January of 2018. Hong Kong economy grows 6.4% in 2021. 3.2% salary increase forecast in 2022 for HK. Wall Street will get another update Thursday on rising prices when the Labor Department releases its report on inflation for January. Fund Managers. Whether you’re searching for a job, or hiring new staff, knowing salary benchmarks is key to success. Of the components comprising Hong Kong’s GDP, consumption will likely continue to be relatively weak in 2022, but all the other components should do well. Email: RR-HKG@IMF.ORG. Hong Kong International Airport said Friday that it … Market prices have been rising in the US at the fastest pace in 40 years — an inflation rate of 7.5% YoY compared to December’s 7%. ... China and Hong Kong had a good day driven by declining Chinese inflation data. ... 25-50% salary inflation in 2022 in some cases. UPDATED Wed, Jan 05, 2022 - 4:33 PM. The US Dollar fell. Hong Xiao, Economist. The IHS Markit Purchasing Managers’ Index (PMI) fell to 50.8 in December from … The global economic recovery, which should render further support to Hong Kong’s exports, is envisaged to slow in 2022. “Consumer price inflation will pick up to 2.1% in annual average terms in 2022, from 1.6% in 2021, as steep global commodity price increases from the year before feed through into retail prices. There will be only modest inflationary pressure from other sources. US stocks took a nasty turn downward after the Bureau of Labor Statistics announced a higher-than-expected 7.5% jump in consumer prices over the last 12 months, the worst inflation in forty years. The central bank also … Customers wearing face masks shop at a market, following the outbreak of the coronavirus disease (COVID-19), at Sha Tin district, in Hong Kong, China, February 7, 2022. Hong Kong exports . Consumer Prices. Hong Kong Inflation At 5-Month High By RTTNews Staff Writer | Published: 1/20/2022 7:11 AM ET Hong Kong's consumer price inflation was the highest in five months in December, data released by the Census and Statistics Department showed on Thursday. BEIJING (AP) — Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Consumer Price Index in Hong Kong remained unchanged at 102 index points in May 2021. The maximum level was 102 index points and minimum was 19.4 index points. Data published Monthly by Census and Statistics Department. What is Food Inflation in Hong Kong? The annual inflation rate in Hong Kong edged up to 1.8 percent in November of 2021, from 1.7 percent in the previous month, slightly missing market expectations of 1.9 percent. A 3.2% average salary hike is predicted next year in Hong Kong, 0.7% higher than in 2021. 2022 Outlook: Inflation in Context. Feb 16, 2022, 08:55am EST. High inflation in some major economies may persist longer as a result of supply bottlenecks amid the evolving pandemic, possibly leading to a faster pace of monetary policy tightening by major central banks. Overall, the price increase was 365.65 %. After factoring in inflation, the real salary increase in Hong Kong will be 1.1%, which is almost double the real increase seen in 2021. ... A survey on the financial future of Hong Kong, prepared for a government agency, glosses over the thornier issues of concern to global firms currently making contingency plans. What is inflation rate in Hong Kong 2022? Hong Kong's hospitals have reached 90% capacity and quarantine facilities are at their limit as the city struggles to snuff out a record number of … ... "Capping inflation is the Fed's key priority for 2022." World Economic Outlook. 5 Underlying inflation rate. Hong Kong’s economy will continue to grow in 2022 but the “breadth, depth and speed” of the expansion will be affected by Omicron, … A robust project pipeline, compounded by supply constraints and labor shortages, has fueled inflation in construction costs to an unsustainable level. Use Morgan McKinley’s 2022 Hong Kong Salary Guide. An Asia-Pacific share gauge jumped 1% to a two-week high, helped by Japan and a rally in a Hong Kong technology index. During the observation period from 1982 to 2020, the average inflation rate was 4.2% per year. Last Thursday, the European Parliament passed a resolution on “violations of fundamental freedoms in Hong Kong.” It said the European Union continued to have deep concerns about the People’s Republic of China’s National Security Law for Hong Kong, which has far-reaching consequences for Hong Kong and its people, for EU and foreign citizens, for … Hong Kong: Inflation rises in December. For 2020, an inflation rate of 0.3% was calculated. -. February 19, 2022. Most Asian markets drop on Fed rate fears as US inflation rages. After remaining low for 20 years – at an annual average of 2.2% in the US – inflation came roaring back in 2021 as global supply chain disruptions and other Covid-driven factors increased the cost of living. Hong … Hong Kong Inflation to Rise as Cargo Flights Cut, Citi Warns. Category. This is lower than the long term average of 4.00%. Meanwhile, employees in Malaysia, Singapore, and Hong Kong may look forward to real salary increases (factoring in inflation) of 2.8%, 2%, and 1.1% respectively. The month’s gain of 0.6% for the Consumer Price Index also translates into an annual rate of 7.5%. Hong Kong's Hang Seng index lost 0.15% after rising earlier. Shusi He. Jan. 20, 2022, 07:11 AM (RTTNews) - Hong Kong's consumer price inflation was the highest in five months in December, data released by the Census and Statistics Department showed on Thursday. Remember Hong Kong internet outperforming and India underperforming is the active manager pain trade due to their overweight to India and underweight to China. Consumer price index seen climbing 2.5% year-on-year in 2022. Renewed virus restrictions across Asia have weakened consumer spending, but inflation may keep ticking higher in some of the region’s biggest economies. Hong Kong Forecast - was last updated on Thursday, February 17, 2022. A fluffy new symbol of dissidence has surfaced in Hong Kong: the hamster. Finally, the industry is beginning to think about ways to combat the mounting threat of higher inflation in the period ahead. After factoring the forecast 2.1% inflation for next year, this means workers in Hong Kong will be left seeing a real salary increase of 1.1% - almost double the real salary increase of 0.6% that was seen this year. Chinese leader Xi Jinping demanded that Hong Kong’s government get its Omicron coronavirus surge, which has overwhelmed the city’s healthcare system, under control, The Wall Street Journal reported. Hong Kong, Shanghai and Seoul also were lower. Tel: 852 2878 7303. Hong Kong arrests 2 ex-air crew for breaking COVID-19 rules. January 20, 2022. Inflation measures the general evolution of prices. A hamster sits in a cage after being adopted by volunteers who stopped an owner from surrendering it to the government outside the New Territories South Animal Management Centre on January 20, 2022 in Hong Kong, China. Published On 11 Jan 2022 11 Jan 2022 ... Hong Kong’s strict … Hong Kong. The overall outlook on pay increases across Asian economies seems fairly positive for 2022, when compared to the rest of the world. Inflation To Remain Persistent In 2022 I bring this all up today to present further evidence of my belief that inflation in 2022 will remain sticky and persistent. February 14 , 2022. Last December, seven editors and board members at Stand News were arrested for national security crimes, causing the outlet to shut down. Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. The increases have been felt by groceries, restaurants and others. Inflation seen rising in China, other Asian nations in 2022. Inflation is expected to persist, but may moderate somewhat in the second half of 2022. Read more. Hong Kong Inflation At 5-Month High By RTTNews Staff Writer | Published: 1/20/2022 7:11 AM ET Hong Kong's consumer price inflation was the highest in five months in December, data released by the Census and Statistics Department showed on Thursday. 2020-08-20. Hong Kong Inflation Rate Falls to Over 3-Year Low in June. The annual inflation rate in Hong Kong fell to 0.7 percent in June 2020 from 1.5 percent in the previous month and below market expectations of 1.7 percent. Mr Chan predicted that Hong Kong’s economy will grow by an annual average of 3.3% in real terms from 2022 to 2025, while the underlying inflation rate will average 2%. (To watch the 2021-22 Budget speech with sign language interpretation, click here .) February 17, 2022, 2:14 PM PST Updated on February 17, 2022, 3:12 PM PST. “In my opinion, the Fed will remain accommodative in 2022 and the Goldilocks environment will continue.” Key figures around 0820 GMT . People wearing face masks to protect against the spread of the coronavirus, walk on a street in Hong Kong, Friday, Jan. 14, 2022. The inflation rate for consumer prices in Hong Kong moved over the past 38 years between -4.0% and 11.2%. Asian shares were mostly higher Tuesday in the absence of big market-moving news following a national holiday in the U.S. “We expect to continue to see high levels of salary inflation across most sectors in 2022. Consumers boosted retail sales as inflation continued to grow at its fastest pace in almost 40 years.. This website is intended for Hong Kong investors only. Resident Representative. Fax: 852 2878 7260. "I think inflation is the variable for 2022, because that's going to be what drives policy," said Jim Caron, senior portfolio manager at Morgan Stanley Investment Management. Jan 27, 2022. Overall, the price increase was 365.65 %. The HK50 increased 1293 points or 5.52% since the beginning of 2022, according to trading on a contract for difference (CFD) that tracks this benchmark index from Hong Kong. Hong Kong's Hang Seng jumps more than 2% as tech stocks rally; China's December inflation slows Published Tue, Jan 11 2022 6:50 PM EST Updated Wed, Jan 12 2022 3:23 AM EST Weizhen Tan @weizent Report. More inflation shoes to drop on NASDAQ by end-2022. Given the robust economic rebound in 2021 – admittedly from a relatively low comparison base in 2020 – global economic growth is likely to keep up its momentum in 2022, assuming there is no significant resurgence in infection levels. (To watch the 2021-22 Budget speech with sign language interpretation, click here .) Hong Kong: PMI deteriorates in December. By Paul Arkwright on Nov 20, 2021 in APAC News, Comp & Ben, HR News, Public, Slider. Hong Kong Non-OOH offline media are expected to continue on a trend towards zero inflation, while online and OOH are forecast to dip slightly below their 2021 positions. A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, Jan. 27, 2022. Hong Kong inflation rate for 2020 was 0.33%, a 2.54% decline from 2019. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. The main worry for investors today is inflation. Produce prices stayed nearly flat in 2020, rose slightly in most of 2021, then really shot up in the last four weeks of that year, according to data from the International Fresh Produce Association. The Hang Seng Index closed down 0.1% to 24,906.66 points yesterday. Hong Kong’s economy will continue to grow in 2022 but the “breadth, depth and speed” of the expansion will be affected by Omicron, … Consumer prices increased a seasonally-adjusted 1.00% over the previous month in December, picking up from November's 0.20% rise. Hong Kong stocks rose to the highest level in more than six weeks following the best gain in Chinese technology companies since October. Phakawa Jeasakul. Tokyo fell nearly 2% but recovered some ground later in the session. Get our view on why inflation remains persistently elevated, where we think it’s headed and why yield levels remain relatively low despite concerns about inflation risk. Hong Kong: Stocks sink on inflation, outbreak worries. The Consumer Price Index (CPI) grew 0.6% in January, bringing the key inflation indicator’s year-over-year increase to 7.5%. Additionally, construction capacity is constrained by low productivity and the slow adoption of digital … Resident Representative for Peoples Republic of China Hong Kong Special Administrative Region. For 2020, an inflation rate of 0.3% was calculated. Hong Kong’s Hang Seng edged down 0.1% to 24,803.59, while the Shanghai Composite was little changed at 3,480.49. Data published Monthly by Census and Statistics Department. Sculptures stand outside the Hong Kong Stock Exchange. Year on year, the average US rent rose 14%, according to the real estate website. The latest headline inflation rate in the US is now over 7 percent, which is the highest rate since 1982. Inflation Rate in Hong Kong remained unchanged at 0 % in December 2021 over the previous month. … The Nasdaq 100 index registered a small gain after the release of US inflation data. This is up considerably from 2021 where Hong Kong employees received a modest pay increase of between 1%. Hong Kong 2022: Surviving the inflation and productivity crisis in Hong Kong’s construction industry. Inflation Matters: How Rising Costs May Impact Investors in 2022. The high rate of inflation has become a major talking point over the last few months, with the prices of goods and services rising rapidly in major global economies. HONG KONG: Asian markets fell Friday following a steep drop on Wall Street fueled by renewed fears that Russia will soon invade Ukraine, adding to long-running angst about the Federal Reserve's plans to hike interest rates. Feb 16, 2022 | World. The annual inflation rate in Hong Kong edged up to 1.8 percent in November of 2021, from 1.7 percent in the previous month, slightly missing market expectations of 1.9 percent. Average annual inflation in 2022 is projected to be around 2.75-to-3%, having recently recorded a sharp rise in the US, Canada and the UK. FRANKFURT (Reuters) – The excessively low inflation rates seen in the euro zone until recently are unlikely to return even after the pandemic is over, the European Central Bank’s chief economist Philip Lane said, citing changes in the global economy among other factors. Opinion: A case for Hong Kong's hamsters. Hong Kong's Hang Seng jumps more than 2% as tech stocks rally; China's December inflation slows Published Tue, Jan 11 2022 6:50 PM EST Updated Wed, Jan 12 2022 3:23 AM EST Weizhen Tan @weizent The Hong Kong Monetary Authority lowered its base rate by 64 basis points to 0.86 percent on March 16th 2020, after the Fed made an emergency 100bps rate cut in the fed funds rate, the second unexpected rate drop in near two weeks, aiming to protect the economy from a potential recession after the COVID-19 pandemic shows no sign of slowing. Currencies and oil. Or we have persistent inflation and a tight Fed, which squeezes the markets. In Asia, Hong Kong’s December PMI fell to 50.8 from 52.6 with the Covid hardline the main reason. Hong Kong - Hang Seng Index: UP 1.2 percent at 23,397.67 (close) Shanghai - Composite: UP 0.6 percent at 3,639.78 (close) Euro/dollar: UP at … FENG: This archival effort has picked up pace as Hong Kong's remaining independent news outlets slowly take down their websites and even close operations. Reuters. February 17, 2022. Hong Kong residents expressed growing frustration Thursday after new, tighter coronavirus restrictions went into effect, imposed by city leaders in … The underlying inflation rate in 2020 was estimated to be 1.3%, partly reflecting the impact of the government’s various relief measures over the past year. MORE FROM THE CYCLICAL OUTLOOK. Tokyo — Nikkei 225: UP 1.8 per cent at 29,301.79 (close) Hong Kong — Hang Seng Index: UP 0.1 per cent at 23,289.84 (close) April 28, 2022. HONG KONG, Jan 10 — Most Asian and European markets rose today as traders brushed off another negative performance on Wall Street as US data showed fewer new jobs than expected were created last month but that wages saw a strong gain, keeping pressure on the Federal Reserve in its battle against inflation. Office Information. The maximum level was 3.02 % and minimum was -2.88 %. To boil it down, there are four possible scenarios for how inflation plays out and how the Fed reacts in 2022. This is a big assumption. Meanwhile, the Producer Price Index (PPI), which measures price increases at the wholesale level, surged 1% in January and reached … Hong Kong Forecast. Market prices have been rising in the US at the fastest pace in 40 years — an inflation rate of 7.5% YoY compared to December’s 7%. The slashing of flights into the city is set to raise costs and boost inflation. Workers in Hong Kong will see their salaries increase at a faster rate in 2022 than in 2021, although not as fast as many other Asian nations. Wed, Jan 05, 2022 - 4:31 PM. During the observation period from 1982 to 2020, the average inflation rate was 4.2% per year. Hong Kong Inflation Rate Outlook, Average Consumer Prices is at 2.50%, compared to 2.50% last year. Commodity prices continue to rise. Mr Chan predicted that Hong Kong’s economy will grow by an annual average of 3.3% in real terms from 2022 to 2025, while the underlying inflation rate will average 2%. The Fed hints at multiple rate hikes in 2022 to combat inflation "The global industrial chains and supply chains have been disrupted. The latest reading for the Zillow Index of US rents shows no letup in the worst bout of housing inflation in US history. The Goldman Sachs economists – who projected that core PCE inflation will rise from 3.6% to 4.4% by the end of 2021 – seconded that opinion. Chart of the Week. Related Fitch Ratings Content: Inflation Lowers Government Debt Ratios Fitch Ratings-Hong Kong-16 February 2022: The combination of continued strong economic recoveries and high inflation will push global government debt slightly lower as a share of GDP this year despite fiscal deficits remaining elevated compared with pre-Covid-19 levels, says … Printed in Hong Kong, China. Hong Kong stocks opened with a loss on Friday morning following a sell-off on Wall Street fuelled by a forecast-beating US ... Hong Kong stocks open lower on US inflation 2022-02-11 HKT 09:49. Valuation bottoming out, 2022 Hong Kong stocks will open rebound or more pressure? Core consumer price inflation is projected to remain under 2% in the euro area and Japan but pick up as the recovery progresses. We may have persistent inflation and a loose Fed, which stokes up trouble and more tightening later on. They have forecast that inflation will cool slightly to 2.3% at the end of 2022 and fall to 2.1% by the end of 2023. A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Jan. 18, 2022. Region. The economy is expected to grow by an average of 3.3% per annum from 2022 to 2025. However, businesses are expecting a greater level of economic recovery in 2022 and salaries are set to increase by 3.2 % next year. 12 of 15 13 of 15 A customer eats at an empty restaurant in Hong Kong, Monday, Feb. 14, 2022. Hong Kong shares ended sharply lower on Wednesday in line with an Asia-wide sell-off fuelled by inflation and interest rate concerns, as leaders announced fresh containment measures to fight a Covid-19 outbreak in the city. When adjusted for inflation this has left people 0.4% poorer, the lowest in a decade, according the institute. January 5, 2022. Asian stock markets tumbled by unusually wide margins Thursday after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation. Most worrying about the inflation report was the dog …
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