Hong Kong Inflation Hits Highest Level Since 2015 as Economy Reopens

(Bloomberg) — Hong Kong’s consumer inflation rate jumped in September to the highest level in seven years as the Asian finance hub reopens to the rest of the world and joins other economies experiencing rising prices.

The city’s composite consumer price index climbed 4.4% last month from a year earlier, data from the Census and Statistics Department showed Friday. That was higher than the median estimate of a 4.1% increase in a Bloomberg survey of economists. It also far surpassed a year-on-year rise of 1.9% in August and was the highest reading since March 2015.