Hong Kong Inflation Eases to 2%

Hong Kong annual inflation rate decreased to 2.0 percent in September of 2015 from 2.4 percent in the previous month, mainly because of the effect of upward adjustment in public housing rentals has expired and the special fuel rebate in electricity starting from mid-August was still in force. It is still the lowest value since July of 2012.

The downward pressure came from: electricity, gas and water (-10.1 percent from -4.6 percent in August); durable goods prices (-5.6 percent); and clothing and footwear cost (-1.0 percent). Price increases were recorded for: housing (+3.6 percent); meals bought away from home (+4.2 percent); food (excluding meals bought away from home) (+3.5 percent); miscellaneous services (+1.3 percent); miscellaneous goods (+0.7 percent), alcoholic drinks and tobacco (+0.1 percent). As for transport, the Composite CPI fell by 0.3 percent.

On a monthly basis, the composite consumer price index increased by 2.6 percent, from a 2.4 percent drop in the previous month.

Looking ahead, the upside risks to inflation should remain contained in the near term given the soft import prices and moderate local cost pressures, a Government spokesman said.

Hong Kong Inflation Eases to 2%

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
10/22/2015 10:08:50 AM