The Financial Secretary Chan Mo-po, Paul said in the 2017-18 Budget Speech that he forecasts the headline inflation rate for 2017 as a whole will be 1.8% with an underlying inflation rate at 2%.
Chan said the still-low global inflation and strong US dollar have lessened the impact of the rise in international oil prices, maintaining imported inflation at a low level. Inflationary pressure will remain mild in the short term.
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