Hong Kong Inflation Rate Slows to 1.9% in April

Inflation Rate in Hong Kong fell to 1.9 percent in April of 2018 from 2.6 percent in March, mainly due to smaller increases in prices for package tours and fresh vegetables. Netting out the effects of all Government's one-off relief measures, the inflation was 2.2 percent, also lower than 2.6 percent in March.

Year-on-year, prices eased for food (3.5 percent from 3.7 percent); housing (1.8 percent from 2.6 percent); electricity, gas & water supply (3.7 percent from 4.3 percent); alcoholic beverages & tobacco (0.2 percent from 1 percent) and transport (0.5 percent from 1.6 percent). Also, inflation was steady for clothing & footwear (0.9 percent) and prices fell at the same pace as in March for durable goods (-2.1 percent) and educational services (-3.8 percent).

On a seasonally adjusted basis, consumer prices edged down 0.1 percent, following a 0.3 percent drop in the previous month.

A Government spokesman said that with the continued above-trend economic growth, inflationary pressures would rise somewhat over the course of 2018. The feed-through of the rise in fresh-letting residential rentals over the past year or so will also likely become more visible in the period ahead. Nevertheless, inflation rate is expected to be largely contained in the near term.

Hong Kong Inflation Rate Slows to 1.9% in April

Census and Statistics Department | Gabriela Costa | gabriela.costa@tradingeconomics.com
5/21/2018 10:16:29 AM