The rising cost of fish and vegetables helped consumer prices to rise 1.9% in July, according to Hong Kong’s government bean counters. Such data certainly reflects the increasing cost of living for a taxi driver, but it doesn’t say much about the inflationary impact on a banker or chief executive’s lifestyle.
To address this anomaly, FinanceAsia has compiled a more representative basket of goods that mirrors what our readers might actually be spending their hard-earned money on. We weight the items according to their relative importance, with the highest weight given to rent -- we use the monthly rental on a per-square-foot basis at Mid-Levels condominium Dynasty Court as our benchmark. The annual...
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