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Economists say HK inflation 8.2%

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  1. #1

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    Economists say HK inflation 8.2%


    Economists say HK inflation 8.2%


    19-08-2011
    Economists are predicting that Hong Kong's inflation rate for July will rise to 8.2 percent. This emerged from a poll of nine economists conducted by Bloomberg.

    If they are correct, it will be the highest reading since late 1995. The government will announce the Consumer Price Index on Monday. The June figure was 5.2 percent.


    and are pay rises keeping up?

  2. #2

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    Think the standard rise was 6.5% this year - so no not keeping up. Does the inflation rate include property?


  3. #3

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    Inflation will keep rising in HK (see in more detail my posting on this under the Hong Kong Property Market thread).

    One good way to protect yourself (or to benefit) from this, is to buy property in HK which will inflate as the US keeps rates low and prints money. This will also protect you from rising rentals, especially if you are worried your income will not keep up with the pace of inflation in HK.

    Last edited by randy1; 20-08-2011 at 11:26 AM.

  4. #4

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    Facepalm*******

    shri, Loz_2 and TheBrit like this.

  5. #5

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    So what's your prediction on inflation, and your suggested method to cope with it or benefit from it?


  6. #6

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    Quote Originally Posted by randy1:
    So what's your prediction on inflation, and your suggested method to cope with it or benefit from it?
    Buy a popular commodity, say alcohol, and store it somewhere safe, say your stomach.

    This makes complete financial sense because alcohol will only rise in price so best to buy and store now before it goes up.
    virago likes this.

  7. #7

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    Original Post Deleted
    Thought I read somewhere that was what the public sector was getting or got this year.

  8. #8

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    Original Post Deleted
    [PEDANTIC]
    Better would be "which itself comprises three sub-indices" or "which itself is composed of three sub-indices".
    [/PEDANTIC]