Hong Kong: Inflation declines to lowest level since May 2022 in March
Inflation ticked down to 1.6% in March, which followed February’s 1.7%. March’s reading marked the lowest inflation rate since May 2022. In particular, food price inflation eased amid the high base effect created by pandemic-related restrictions in March last year.
The trend was unchanged, with annual average inflation coming in at February’s 2.0% in March.
Finally, consumer prices rose a seasonally adjusted 0.10% in March over the previous month, matching February’s reading.