Hong Kong Inflation Eases to 2.6% in May


Consumer prices in Hong Kong rose 2.6 percent year-on-year in May of 2016, compared to 2.7 percent growth in the previous month. It was the lowest reading since January and below market expectations of 2.8 percent rise, thanks partly to the slower increases in prices of basic foodstuffs and the private housing rental component.

Year-on-year, increases in prices slowed for food (excluding meals bought away from home) (+2.7 percent from +4.7 percent in April); housing (+4.6 percent from +4.8 percent) and transport (+1.2 percent from +2.0 percent) while accelerated for meals bought away from home (+3.4 percent from 3.3 percent); alcoholic drinks and tobacco (+1.3 percent from +0.2 percent) and miscellaneous services (+2.4 percent from +1.4 percent). In contrast, downward pressure came from durable goods (-5.1 percent from -6.2 percent); clothing and footwear (-2.8 percent from -2.2 percent) and electricity, gas and water (-0.9 percent from -0.2 percent). Meantime, miscellaneous goods (+1.1 percent) cost remained unchanged. 

Netting out the effects of all Government's one-off relief measures, prices went up 2.2 percent, compared to 2.3 percent in the previous month. 

 Hong Kong Inflation Eases to 2.6% in May


Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/21/2016 9:50:26 AM