Economics
Hong Kong Inflation to Rise as Cargo Flights Cut, Citi Warns
- Consumer price index seen climbing 2.5% year-on-year in 2022
- Hong Kong has taken zero-tolerance approach to fighting virus
Hong Kong is heavily reliant on food imports.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
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Hong Kong consumers will see rising prices and possibly shortages of some goods this year as airlines slash cargo flights, Citigroup Inc. warns, highlighting the costs of the city’s zero-Covid strategy.