Hong Kong Inflation Rate at 3-Month Low


Consumer prices in Hong Kong rose 2.7 percent year-on-year in April of 2016, easing from 3.0 percent growth in the previous month. It was the lowest reading since January, due the slower increases in food prices, and decreases in the charges for package tours, partly reflecting the difference in timing of the Easter holidays between this year and last year.

Year-on-year, increases in prices slowed for food (excluding meals bought away from home) (+4.7 percent from +5.6 percent in March); meals bought away from home (+3.3 percent from 3.6 percent) and miscellaneous services (+1.4 percent from +3.7 percent) while accelerated for transport (+2.0 percent from +1.0 percent) and housing (+4.8 percent from +3.8 percent). In contrast, downward pressure came from durable goods (-6.2 percent from -5.1 percent); clothing and footwear (-2.2 percent from -3.7 percent) and electricity, gas and water (-0.2 percent from +0.5 percent). Meantime, miscellaneous goods (+1.1 percent) and alcoholic drinks and tobacco (+0.2 percent) cost remained unchanged. 

Netting out the effects of all Government's one-off relief measures, prices went up 2.3 percent, compared to 2.8 percent in the previous month. 

Hong Kong Inflation Rate at 3-Month Low


Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
5/23/2016 10:30:29 AM