Hong Kong Inflation Rate Edges Up to 2.5%


Consumer prices in Hong Kong increased 2.5 percent year-on-year in December of 2015, slightly higher than a 2.4 percent rise in the previous two months and mainly due to cost of fresh vegetables. Netting out the effects of all Government's one-off relief measures, inflation rate remained virtually unchanged at 2.4 percent.

Year-on-year, increases in prices were reported for food (excluding meals bought away from home) (4.4 percent); meals bought away from home (4.0 percent); housing (3.9 percent); electricity, gas and water (1.4 percent); miscellaneous goods (0.8 percent); alcoholic drinks and tobacco (0.7 percent); transport (0.3 percent) and miscellaneous services (0.3 percent). In contrast, downward pressure came from durable goods (-5.3 percent) and clothing and footwear (-1.1 percent).

For 2015 as a whole, consumer prices were on average 3.0 percent higher than in 2014 and netting out the effects of all Government's one-off relief measures, the rise was smaller at 2.5 percent. 

Hong Kong Inflation Rate Edges Up to 2.5%


Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
1/21/2016 8:59:36 AM