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.

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%


Census and Statistics Department | Mojdeh Kazemi | mojdeh@tradingeconomics.com
7/21/2016 10:46:48 AM