Hong Kong Inflation Rate Edges Down in March

Hong Kong annual inflation rate slightly decreased to 4.5 percent in March of 2015 from 4.6 percent in the previous month, mainly due to a decline in prices of durable goods.

Year-on-year, the biggest price decreases were reported for: durable goods (-5.5 percent); alcoholic drinks and tobacco (-0.2 percent); and transport cost (-0.1 percent).

In contrast, upward pressures came from: electricity, gas and water (+21.0 percent); housing (+8.1 percent); food (+4.3 percent); miscellaneous services (+1.3 percent); miscellaneous goods (+1.1 percent); clothing and footwear (+0.3 percent).

Netting out the effects of all Government's one-off relief measures, the inflation rate was 2.8 percent, the same as February 2015.

On a monthly basis, the composite consumer price index decreased by 0.3 percent, from a 1 percent rise in the previous month.

Hong Kong Inflation Rate Edges Down in March

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/21/2015 10:34:43 AM