Hong Kong Inflation Rate Up to 4.4 Percent in February


In February of 2013, the Composite CPI registered year-on-year rate of increase of 4.4 percent. The larger increase was mainly attributable to the increase in the charges for package tours, the costs for meals bought away from home, the prices of poultry and other fresh sea products around the Lunar New Year holidays, which occurred in the February this year but in January last year.

Compared with February 2012, increases in the section indices in February 2013 were recorded for miscellaneous services (6.1 percent in the Composite CPI); food (excluding meals bought away from home) (5.4 percent); housing (5.3 percent); meals bought away from home (4.8 percent); electricity, gas and water (4.7 percent); transport (2.2 percent); clothing and footwear (1.7 percent); miscellaneous goods (1.4 percent) and alcoholic drinks and tobacco (1.4 percent). 

On the other hand, year-on-year decrease was recorded in February of 2013 for index for durable goods (-3.8 percent in the Composite CPI). 
 
Compared with January of 2013, the Composite CPI increased by 1.1 percent in February of 2013.
 

Censtatd | Nuno Fontes | nuno@tradingeconomics.com
3/21/2013 8:57:11 AM