Hong Kong Inflation Rate Down to 4.3% in October

In October of 2013, Hong Kong's annual inflation rate eased to 4.3 percent, from 4.6 percent in September, mainly due to lower prices of fresh vegetables.
Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com 11/21/2013 8:53:00 AM
Year-on-year, increases in prices were recorded in October for electricity, gas and water (6.7 percent); housing (6.2 percent); food (4.6 percent); meals bought away from home (4.4 percent); miscellaneous services (4.0 percent); miscellaneous goods (2.7 percent); clothing and footwear (2.4 percent); transport (2.4 percent) and alcoholic drinks and tobacco (1.2 percent).

In contrast, prices of durable goods decreased 4.1 percent.

On a seasonally adjusted basis, the average monthly rate of change in the CPI for the three-month period from August to October 2013 was 0.4 percent, and the corresponding rate of change for the three-month period from July to September 2013 was -0.4 percent.

A Government spokesman commented that, looking ahead, the subdued imported inflation and the moderated increases in fresh-letting residential rentals since early 2013 should help to contain the upside risks to inflation in the near term.

Hong Kong Inflation Rate Down to 4.3% in October