Hong Kong: Consumer prices falls at milder pace on an annual basis in August
September 21, 2020
Consumer prices fell a seasonally-adjusted 0.20% from the previous month in August, a less pronounced decrease than July's 1.00% fall. The result was primarily due to rising prices for housing. In addition, price pressures for transportation declined at a more moderate rate.
Consumer prices declined 0.4% year-on-year in August, a smaller drop compared to July’s 2.3% fall. Meanwhile, the trend pointed down, with annual average inflation coming in at 1.6% in August (July: 1.9%).