Hong Kong Inflation Rate at 3-Year Low

Hong Kong annual inflation rate decreased to 2.4 percent in August of 2015 from 2.5 percent in the previous month, mainly due to the special fuel rebate in electricity starting from mid-August. It is the lowest value since July of 2012.

The downward pressure came from: electricity, gas and water (-4.6 percent from +1 percent in July); durable goods prices (-5.7 percent); and clothing and footwear cost (-1.8 percent). The price increases were recorded for: housing (+4.4 percent); meals bought away from home (+4.3 percent); food (excluding meals bought away from home) (+4.1 percent); miscellaneous services (+1.2 percent); miscellaneous goods (+0.5 percent), alcoholic drinks and tobacco (0.4 percent). As for transport, the Composite CPI fell by 0.5 percent.

On a monthly basis, the composite consumer price index fell by 2.4 percent, from a 0.4 percent increase in the previous month.

Looking ahead, the upside risks to inflation should remain limited in the near term, in view of the soft international commodity prices and import prices as well as the moderate local cost pressures, a Government spokesman said. 

Hong Kong Inflation Rate at 3-Year Low

Census and Statistics Department | Yekaterina | yekaterina@tradingeconomics.com
9/21/2015 10:05:24 AM