Hong Kong Inflation Steady At 2% In May

Consumer prices in Hong Kong increased 2 percent year-on-year in May of 2017, at the same pace as in the previous month. Prices accelerated for food and miscellaneous goods while rose slower for transport, miscellaneous services and alcoholic drinks and tobacco.

Year-on-year, prices rose faster for food (2.4 percent vs 1.9 percent) and miscellaneous goods (2 percent from 1.9 percent). Also, cost fell less for electricity, gas and water (-0.9 percent -1.2 percent) and clothing and footwear (-1.2 percent vs -1.7 percent).

Meanwhile, prices slowed down for miscellaneous services (1.9 percent from 2.7 percent), alcoholic drinks and tobacco (0.3 percent vs 3.4 percent), transport (2.7 percent vs 3.4 percent) and were unchanged for housing (2.7 percent).

Underlying consumer inflation, which excludes the effects of one-off government relief measures was also steady at 2 percent compared to the previous month. 

Hong Kong Inflation Steady At 2% In May

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/20/2017 8:58:19 AM