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.