Hong Kong Inflation Rate At 7-Month High Of 2% In April

Consumer prices in Hong Kong increased 2 percent year-on-year in April of 2017, compared to a 0.5 percent rise in the prior month. It was the highest inflation rate since September last year, mainly driven by prices of housing, transport, miscellaneous goods and services and food, excluding meals bought away from home.

Year-on-year, prices rose faster for housing (2.7 percent vs 0.1 percent in March), miscellaneous goods and services (2.7 percent vs 1.1 percent), alcoholic drinks and tobacco (3.4 percent vs 2.5 percent), food (excluding meals bought away from home) (0.3 percent vs -1.6 percent), transport (3.4 percent vs 3.2 percent). Meanwhile, prices fell for electricity, gas and water (-1.2 percent, the same pace as in March) and clothing and footwear (-1.7 percent vs 0.4 percent).

Underlying consumer prices, which exclude the effects of one-off government relief measures went up 2 percent compared to 1.3 percent rise in March.

Yekaterina | yekaterina@tradingeconomics.com
6/20/2017 8:57:30 AM