In Hong Kong, an insignificant weakening of inflation was recorded in August, finversia.ru writes. According to the Census Statistics Department, last month consumer prices in annual terms increased by 2.3%, while analysts had expected the rise of 2.4%. In August last year, the price increase was 2.4%. Core inflation in August was 2.6%, getting down from 2.7% a year earlier. Food products rose in annual terms by 4.5%, utilities - by 3.4%. At the same time, in August, prices for durable goods were down by 1.9%. According to government estimates, inflation in the coming months will be insignificant.
Japan’s consumer prices decline further as virus-led deflation lurks22.10.2020
Oil prices slip as COVID-19 resurgence deteriorates fuel demand16.10.2020
Gold prices slip amid COVID-19 resurgence, U.S. stimulus deadlock16.10.2020
Oil prices drop as OPEC+ slashes cuts, coronavirus cases weigh on sentiment