Hong Kong inflation risks grow as war in Middle East escalates, experts warn

Experts warn that Hong Kong residents may face higher energy and dining costs as global oil prices continue to rise due to the escalating war in the Middle East. The attacks on Iran by the United States and Israel, and subsequent retaliation across the region, are expected to slow US interest rate cuts and curb Hong Kong housing price growth. While analysts suggest the spillover effect on Hong Kong's Consumer Price Index (CPI) might remain contained in the near term, utility costs and restaurant prices are facing increased pressure.