Hong Kong Inflation Rate Slows Slightly

Hong Kong annual inflation rate eased to 5.1 percent in November of 2014 from 5.2 percent in October, due to a fall in cost of durable goods and clothing and footwear.

Year-on-year, decrease in prices were recorded for durable goods (-4.4 percent) and clothing and footwear (-1.1 percent).

On the other hand, increases were recorded for electricity, gas and water (25.6 percent); housing (8.5 percent); alcoholic drinks and tobacco (7.5 percent); meals bought away from home (4.7 percent); food (3.8 percent); miscellaneous services (1.9 percent) and transport (1.8 percent).  

Netting out the effects of all Government's one-off relief measures, the inflation in November 2014 was 3.3 percent, also slightly smaller than that in October (3.4 percent), mainly due to the smaller increases in the prices of fresh fruit.

A government spokesman commented further that, looking ahead, upside risks to inflation should remain contained in the near term, as softer international commodity prices will help keep global inflation benign and local cost pressures should also stay moderate. 

Hong Kong Inflation Rate Slows Slightly

Census and Statistics Department | Carolina Cunha | Carolina.cunha@tradingeconomics.com
12/23/2014 11:23:22 AM