Hong Kong's Finance Chief stated that external shocks from the Middle East war have had a minimal effect on the city's inflation. This is attributed to its service-based economy and stable supplies from mainland China.

External shocks from the war in the Middle East have had only a limited impact on Hong Kong’s inflation, the finance chief has said, despite an upwards revision to forecasts, citing the city’s service-based economy and stable energy and food supplies from mainland China. Briefing the Legislative Council’s Panel on Financial Affairs on Monday, Financial Secretary Paul Chan Mo-po said the surge in global fuel prices was expected to feed through to fuel-related consumer prices, pushing inflation...