Hong Kong Inflation Rate Down to 4.3% in October

In October of 2013, Hong Kong's annual inflation rate eased to 4.3 percent, from 4.6 percent in September, mainly due to lower prices of fresh vegetables.

Year-on-year, increases in prices were recorded in October for electricity, gas and water (6.7 percent); housing (6.2 percent); food (4.6 percent); meals bought away from home (4.4 percent); miscellaneous services (4.0 percent); miscellaneous goods (2.7 percent); clothing and footwear (2.4 percent); transport (2.4 percent) and alcoholic drinks and tobacco (1.2 percent).

In contrast, prices of durable goods decreased 4.1 percent.

On a seasonally adjusted basis, the average monthly rate of change in the CPI for the three-month period from August to October 2013 was 0.4 percent, and the corresponding rate of change for the three-month period from July to September 2013 was -0.4 percent.

A Government spokesman commented that, looking ahead, the subdued imported inflation and the moderated increases in fresh-letting residential rentals since early 2013 should help to contain the upside risks to inflation in the near term.

Hong Kong Inflation Rate Down to 4.3% in October

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
11/21/2013 8:53:00 AM