Hong Kong: Inflation falls to lowest level since the start of the year in April
May 21, 2020
Inflation came in at 1.8% in April, below March’s 2.3%. April's result represented the lowest inflation rate since January. The decrease was primarily driven by a sharp decline in utility costs and prices for clothing and footwear. When accounting for one-off government relief measures inflation was 2.3% in April, down from 2.6% in March.
For the February–April period, average month-on-month prices were 0.1% in April up slightly from the steady reading for the previous three-month period ending in March.
Author: Steven Burke, Economist