Hong Kong Inflation at 6-Month Low of 2.4%

Consumer prices in Hong Kong went up 2.4 percent year-on-year in June of 2016, compared to 2.6 percent rise in May. It was the lowest figure since December of 2015, as food and housing inflation slowed.
Census and Statistics Department | Mojdeh Kazemi | mojdeh@tradingeconomics.com 7/21/2016 10:46:48 AM
Year-on-year, cost rose at a slower pace for food (excluding meals bought away from home) (+1.8 percent from +2.7 percent in May); housing (+4.4 percent from +4.6 percent) and meals bought away from home (+3.3 percent from +3.4 percent), while inflation accelerated for transport (+1.3 percent from +1.2 percent); alcoholic drinks and tobacco (+2.5 percent from +1.3 percent); miscellaneous services (+2.6 percent from +2.4 percent) and miscellaneous goods (+1.5 percent +1.1 percent). On the other hand, prices fell for durable goods (-4.8 percent from -5.1 percent); clothing and footwear (-3.3 percent from -2.8 percent) and electricity, gas and water (-2.2 percent from -0.9 percent).

Netting out the effects of all Government's one-off relief measures, prices went up 2.1 percent, compared to 2.2 percent in the previous month. 

Hong Kong Inflation at 6-Month Low of 2.4%