Hong Kong Inflation Rate Rises To 0.5% In March

Consumer prices in Hong Kong increased 0.5 percent year-on-year in March of 2017, compared to a 0.1 percent drop in the prior month. The recovery in CPI was mainly driven by prices of housing, meals bought away from home and transport.

Year-on-year, prices recovered for housing (0.1 percent from -0.3 percent), meals bought away from home (2.7 percent vs -3.7 percent) and rose for transport (3.2 percent, the same pace as in February). Additional upward pressure came from miscellaneous goods and services (1.1 percent vs 1.2 percent), clothing and footwear (0.4 percent vs -3.3 percent) and alcoholic drinks and tobacco (2.5 percent vs 2.7 percent). Meanwhile, prices fell less for durable goods (-3.1 percent vs -3.7 percent), food (excluding meals bought away from home) (-1.6 percent vs -3.7 percent) and electricity, gas and water (-1.2 percent vs -7.5 percent).

Underlying consumer prices, which exclude the effects of one-off government relief measures went up 1.3 percent compared to 0.7 percent in February. 

Census and Statistics Department |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/21/2017 10:57:35 AM