Hong Kong: Consumer prices fall again in November
November 20, 2020
Consumer prices increased a seasonally-adjusted 0.20% over the previous month in November, slowing down from October's 0.90% rise. The cooling of price pressures was primarily driven by slower growth in prices for food. In addition, prices for transportation fell at a sharper pace.
Consumer prices fell 0.2% on an annual basis in November, matching October’s print. November's result represented the fifth consecutive month of falling prices. Annual average inflation fell to 0.6% in November (October: 0.9%).