Secretary for Economy and Finance Francis Tam Pak Yuen told media on Tuesday that this year’s inflation will remain at a high level, of around 5 to 6 percent, due to strong internal demand. However, Mr Tam said the evolution of the consumer price index would be “more stable” compared with last year. The official expects inflation to ease this month after reaching 6.16 percent in February, the highest level since August. Last month’s price hikes were fuelled by the Lunar New Year holidays, which are traditionally a peak season for tourism.
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