Home / Knowledge / News / Textiles / Headline inflation hikes clothes & shoe prices
Headline inflation hikes clothes & shoe prices
27
Aug '08
Statistics show that inflation rate of Hong Kong in July reached 6.3 percent than the same period of last year, marking the highest level in past 11 years.

Government pointed out that though oil prices eased slightly in the month, they are still on the higher side than that of July 2007.

Among all products, the prices of clothes and shoes increased by 1.4 percent. However, prices of durable goods alone recorded a decline of 1 percent.

Experts say that the outlook of the inflation for the rest of the year is rather uncertain.

They believe that inflation pressure is expected to be relieved by the improvement in labor productivity and the expected slowdown in the rate of economic growth in the period ahead.

In addition, the headline inflation will be lowered notably by the relief measures announced in Hong Kong Special Administrative Region (SAR) Government's 2008-09 Budget and by the Chief Executive in July.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Courtesy: Brook Brothers

Apparel/Garments | On 29th May 2017

America's Brooks Brothers added to CLiQ

Tata CLiQ Luxury, Tata group’s multi-brand, luxury e-commerce...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search