Hong Kong's inflation likely steady in May

Hong Kong will release its May CPI data on 22 June, the housing component likely continued to be supported by constant high rental prices, counteracting the comparatively slow impact of lower oil prices.

The headline CPI inflation is expected to come in at 2.9% y/y, marginally higher than 2.8% in April, estimates Standard Chartered. 

"We expect upside risk in H2-2015 and full-year inflation of 3.5% on increasing rental prices and the rebound in food prices", added Standard Chartered.