Hong Kong Inflation Rate Slows in April


Hong Kong’s annual inflation rate eased to 3.7 percent in April of 2014 from 3.9 percent in the previous two months. It is the lowest rate in thirteen months, as rental cost rose at a slower pace and prices of fresh vegetables decreased.

In April of 2014, prices decelerated for food (3.8 percent yoy from 4.5 percent in March), housing (5.1 percent from 5.4 percent), electricity, gas and water (4.4 percent from 4.8 percent), alcoholic drinks and tobacco (7.1 percent from 7.2 percent), clothing and footwear (1.7 percent from 2.5 percent). Cost of durable goods fell 2.5 percent.

A government spokesman said the latest figures pointed to continued easing in inflationary pressures, as the slower private rental increase continued to feed through, while external price pressures stayed tame. The temporary decreases in the prices of fresh vegetables against a high base of comparison in the same month last year was an additional contributing factor relevant in April, which outweighed the boosting effect on prices due to the difference in the timing of Easter holidays in 2013 and 2014.

Hong Kong Inflation Rate Slows in April


Census and Statistics Department | Isabel Felino | isabel.felino@tradingeconomics.com
5/22/2014 10:51:11 AM