Inflation is hard to stop Christmas travelers in Hong Kong say they are much cheaper than the mainland

Every reporter Li Chao from Hong Kong "mainland come to buy milk powder too many people, so that the milk powder in Hong Kong often broken goods, the price rose Non-stop."　　"December 23, in a large supermarket in another city in Kowloon Tong, Hong Kong, Mrs Chan complained to the daily economic news reporter when she knew she was going to buy the formula for her son."　　Mrs Chan, who lives in the Prince of Kowloon, said some large supermarkets near wanning, Huarun and taste have been out of stock for the last 10 days. According to data released December 21 by the Census and Statistics Department, the annual increase in food prices in the Hong Kong region for the composite CPI in November was 6.1% per cent.　　The International Monetary Fund estimates that inflation will reach about 5% per cent by the end of 2011.　　However, the Hong Kong tourism Board said more mainland tourists are expected to go shopping in Hong Kong during the Christmas season as a result of inflation in the mainland.　　Hong Kong people: everything is going up in price. The rise in prices cannot be blamed solely on mainland tourists who have come to sweep the cargo, in fact, prices have soared in Hong Kong this year.　　According to data released by the census and Statistics Department on the afternoon of December 21, the annual increase in food prices in Hong Kong for the composite CPI in November was 6.1%, in particular the price of marine fish rose by 18.5%, while that of other fresh seafood increased by about 16% per cent. The Tai Kok Tsui in Mong Kok is one of the "civilian areas" in Hong Kong, where several markets are popular. "I often come here to buy food with Quanwan, which is probably the cheapest place in Kowloon, but this year it has gone up in price with other places."　　The more than 50-year-old Mrs. Leung said that the price of the food has gone up a lot recently, with a 22-pound shrimp base around last year, which is now up to HK $30.　　Electricity, gas and water, which rose more than the price of food, were up about 16.4% per cent year-on-year, but the government earlier paid a sex subsidy for such consumption.　　Inflation has become an established fact, a spokesman for the HKSAR government said that the inflation rate in basic consumer prices rose by 2.9% in November, up 2.6% per cent on a month-on-month basis.　　In addition to housewives such as Mrs. Leung and Mrs Chan, Su Weiwen, associate professor of finance at the Chinese University of Hong Kong, has also felt the pressure of rising inflation in Hong Kong, and he explained to the daily economic news reporter The reasons for Hong Kong's inflation, using a bowl of rice in the restaurant. "Hong Kong's inflation is linked to the dollar, and Hong Kong restaurants used to use Thai rice, but the pressure of a weaker dollar has led to a rise in Thai rice prices." Later they found that the quality of mainland rice is not bad, began to use the real estate of rice.　　Su Weiwen said that because of the recent rise in mainland prices, the mainland rice price in Hong Kong and the price of Thai rice, so that some restaurants began to use a poor taste but cheaper Vietnamese rice. Hanwen, chairman of the Hong Kong Kowloon New Territories Overseas Fisheries Wholesalers Association, said the mainland salt-water fish accounted for more than 60% of Hong Kong's sales.　　Inflation in the mainland also affects the prices of goods to be lost to Hong Kong. An earlier survey by the International Monetary Fund showed that the rise in real estate prices in Hong Kong would be reflected in prices, coupled with inflation in the mainlandAnd the impact of rising global food prices, inflation in Hong Kong is expected to reach about 5% by the end of 2011.　　Tourist: A lot cheaper than the mainland the mainland visitors to Hong Kong still seem excited, compared with the sad faces of housewives and economists in Hong Kong. "This pair of shoes in Shenzhen sold more than 1600 yuan, not a penny discount, Hong Kong 50 percent after the sale of HK $770, converted into renminbi only 660 yuan."　　"Miss Wang, from Shenzhen, said excitedly to reporters in the Mong Kok Square, which is separated from Tai Kok Tsui Street." Miss Wang's shopping plan includes clothes, shoes, skin care products and powdered milk.　　She also said that the Hong Kong discount on Christmas this year is not as good as in previous years, the trend is particularly obvious in Mong Kok Street, where previous discounts on Christmas notices will be plastered all over the stores, but this year, most of them have only eight or nine discount.　　The cost of the mainland to Hong Kong is also rising, the current Beijing-Shanghai and other areas of Hong Kong and Macao tour line prices generally rise about 20%, the most tight period of increase can reach 30%.　　Even so, the reporter at the Shenzhen lo Wu Pass or see a lot of people carrying large packets of small packets back to Shenzhen. Dragged the luggage box to the entry of Miss Li to reporters, she came from Hunan, special and friends in the Christmas season to Hong Kong shopping, she brought back four cans of milk powder, "children eat things dare not vague, worry about the mainland milk problem, have to buy Hong Kong goods."　　"It is the price of milk powder in Hong Kong, she will continue to buy." Hong Kong businessmen are also gearing up for a shopping spree for mainland tourists. Figures from the Hong Kong Census and Statistics Department show that sales of HK $29.4 billion in December last year were 28% higher than that in November last year, a 16% increase over the same period. The Hong Kong Tourism Board said this year, as a result of inflation in the mainland, more mainland visitors are expected to come to Hong Kong during the Christmas season, and the number of mainland visitors is expected to surpass the 20 million mark for the first time since a large influx of mainland shoppers in December.