In November of 2013, Hong Kong's annual inflation rate remained stable at 4.3 percent, in line with market expectations. The core inflation rate which excludes the effect of government's one-off relief measures, rose at a steady pace of 4 percent.
Year-on-year increases in prices were recorded in November for electricity, gas and water (7.1 percent); housing (6.1 percent); food (excluding meals bought away from home) - 4.5 percent); miscellaneous services (4.4 percent); meals bought away from home (4.3 percent); miscellaneous goods (2.8 percent); clothing and footwear (2.7 percent); transport (2.3 percent) and alcoholic drinks and tobacco (0.8 percent).
On the other hand, year-on-year decrease in prices was recorded in November for durable goods (-4.0 percent).
Taking the first eleven months of 2013 together, the inflation rate rose by 4.3 percent over a year earlier.
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 team.
12/23/2013 10:16:08 AM