Inflation in Hong Kong surges to 7.9% Y/Y in July, the fastest pace since 1995, but below...

|By:, SA News Editor

Inflation in Hong Kong surges to 7.9% Y/Y in July, the fastest pace since 1995, but below estimates of 8.2%. With mortgages available at several hundred basis points less than inflation, it's little wonder HK is having trouble containing its housing boom.