inflation in hong kong

1. The rise in prices of rice, foods: porks, beefs and rent. The main rice exporters such as Thailand and Vietnam have set a limit on exports, thus reducing supplies and pushing up the prices. Furthermore, HKD is depreciating against CNY and many other currenciesbut HK imports many products from China and other countries, HK suffers from IMPORT INFLATION. Furthermore, crude oil hit record high yesterday that also leads to rally in petroleum and gasoline, so there is inflation in HK recently. 2. It is obvious that the living standard of HK people will decline as they can not buy as more food or rice as before since they are more expensive. The real purchasing power of HKD fall because of inflation.

excellent reply