Hong Kong: Inflation comes in at highest level since September 2024 in April
Latest reading: Inflation increased to 2.0% in April from March’s 1.4%. April’s result marked the highest inflation rate since September 2024 but was still low by global standards, kept in check by mainland China’s huge manufacturing capacity and subdued retail sales as some Hong Kongers opted to shop on the mainland. The rise in inflation in April was linked to changes in government fiscal relief measures and higher travel costs.
The trend pointed up slightly, with annual average inflation coming in at 1.7% in April (March: 1.6%).
Lastly, consumer prices fell a seasonally adjusted 0.09% from the previous month in April, which was below the flat result logged in March. April’s result marked the weakest reading since May 2024.