Hong Kong’s consumer prices rose for a third month after government subsidies for power and housing costs expired and as the city’s economic recovery encouraged consumer spending.
Prices climbed 0.5 percent in November from a year earlier, the government said today on its Web site, after gaining 2.2 percent in October. The median estimate of seven economists surveyed by Bloomberg News was for a 0.8 percent increase.
Inflation is likely to be restrained in the first half of 2010 by excess global capacity, the Hong Kong Monetary Authority said in a Dec. 16 report. The city’s central bank cautioned that rents have rebounded along with real-estate prices and inflation may pick up “more notably” in the second half of next year.
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