Hong Kong Inflation Rate at 8-Month High


Consumer prices in Hong Kong increased 3.1 percent year-on-year in February of 2016, compared to 2.7 percent growth in the previous month. It was the highest value since June of 2015, mostly due to surge in basic foodstuffs prices amid bad weather conditions.

Year-on-year, increases in prices were reported for food (excluding meals bought away from home) (+8.8 percent from +4.8 percent in January);  housing (+3.9 percent from +3.8 percent); meals bought away from home (+3.6 percent from +4.1 percent); miscellaneous services (+1.8 percent from +1.8 percent); transport (+1.2 percent from +1.2 percent); miscellaneous goods (+0.5 percent from +0.4 percent); alcoholic drinks and tobacco (+0.2 percent from +0.7 percent) and  electricity, gas and water (+0.1 percent). In contrast, downward pressure came from durable goods (-5.1 percent from -5.3 percent) and clothing and footwear (-1.7 percent from -2.5 percent).

Netting out the effects of all Government's one-off relief measures, prices also rose 3.1 percent.

Hong Kong Inflation Rate at 8-Month High


Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
3/21/2016 12:32:51 PM