Hong Kong Inflation

Hong Kong

Inflation accelerates in March

In March, consumer prices added 0.5% over the previous month, which contrasted the 0.2% drop recorded in February. According to the statistical institute, higher prices for clothing and footwear as well as for food were the main drivers behind the monthly increase. Annual inflation rose to 4.9% in March from 4.7% in February, exceeding market expectations, which had inflation edging up to 4.8%. Despite the increase, annual average inflation remained unchanged at February's 5.6%. A government spokesman stated that


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Hong Kong Inflation Chart

Hong Kong Inflation March 2012

Note: Year-on-year and annual average variation of consumer price index in %.
Source: Census and Statistics Department Hong Kong.

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