Hong Kong Inflation Rate Steady at 2.4%


Consumer prices in Hong Kong went up 2.4 percent year-on-year in November of 2015, the same as in the previous month. Netting out the effects of all Government's one-off relief measures, the inflation rate was also 2.4 percent, slightly higher than 2.3 percent in October. This was mainly due to dissipation of the effect of a special fuel rebate in electricity.

Year-on-year, price increases were recorded for meals bought away from home (4.0 percent); housing (3.9 percent); food (excluding meals bought away from home) (3.7 percent); miscellaneous goods (1.0 percent); miscellaneous services (1.0 percent); electricity, gas and water (0.8 percent) as well as alcoholic drinks and tobacco (0.7 percent). In contrast, decreases were reported for durable goods (-5.2 percent), clothing and footwear (-1.7 percent) and transport (-0.3 percent).

Taking the first 11 months of 2015 together, the CPI rose by 3.1 percent over a year earlier. Netting out the effects of all Government's one-off relief measures, the inflation rate was 2.5 percent. 

Hong Kong Inflation Rate Steady at 2.4%


Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
12/21/2015 9:22:21 AM