Hong Kong Inflation Rate Slows To 3-Month Low

Kong increased 1.9 percent year-on-year in June of 2017, easing from a 2 percent rise in the previous two months. It is the lowest inflation rate since March, mainly led by prices of miscellaneous goods, housing, transport, clothing & footwear and alcoholic beverages & tobacco.

Year-on-year, prices slowed for miscellaneous goods (1.5 percent vs 2 percent in May), transport (2.5 percent vs 2.7 percent) and were unchanged for housing (2.7 percent) and miscellaneous services (1.9 percent). In addition, cost fell for electricity, gas and water (-0.9 percent, the same pace as in May); clothing and footwear (-1.4 percent vs -1.2 percent) and alcoholic beverages and tobacco (-0.4 percent vs 0.3 percent).

In contrast, inflation accelerated for food (2.5 percent vs 2.4 percent), education (2.8 percent vs 2.6 percent), health (4 percent vs 3.4 percent) and information and communication (0.4 percent vs 0.2 percent).

Underlying consumer inflation, which excludes the effects of one-off government relief measures was also 1.9 percent, compared to a 2 percent rise in May.

 Hong Kong Inflation Rate Slows To 3-Month Low

Census and Statistics Department |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/20/2017 9:20:12 AM