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Hong Kong Inflation March 2020

Hong Kong: Inflation ticks up in March

Inflation increased to 2.3% in March from 2.2% in February. When accounting for the effects of one-off government relief measures, inflation inched up to 2.6% in March from 2.5% in February. The increase was primarily driven by higher food and housing prices.

For the January–March period, average month-on-month prices were unchanged in March and stable from the previous three-month period ending in February.

Looking ahead, inflation should average lower in 2020 than in the previous year as sluggish economic activity and depressed consumer spending weigh on prices.

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