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Hong Kong Inflation March 2023

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.

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