Hong Kong's Census and Statistics Department (C&SD) stated (21-Sep-2010) consumer price index (CPI) figures for Aug-2010 increased 3.0% year-on-year, larger than the corresponding increase (1.3%) in Jul-2010. On a seasonally adjusted basis, the average monthly rate of change in the Composite CPI for the three-month period to Aug-2010 was -0.5%, the same as that for the three-month period to Jul-2010. The Department added that looking forward, there are some upside risks to inflation, especially if the economy continues to grow briskly and labour market conditions improve further. Higher import prices, along with rising global food prices, may also add to imported inflation. Nevertheless, the sustained growth in labour productivity is likely to provide some cushioning to the overall inflationary pressures.
Hong Kong CPI increases 3.0% in Aug-2010
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Asian LCCs are increasingly gravitating to larger aircraft to try to overcome insufficient infrastructure. Larger narrowbodies at LCCs gained wide awareness with AirAsia's A321 order, although many other LCCs will operate larger types before AirAsia receives its first A321. The A320neo brings additional range, besides the usual efficiency improvements.
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