Hong Kong: Inflation falls to over-three-year low in September
October 22, 2015
Inflation fell from August’s 2.4% to 2.0% in September, which marked the lowest value since July 2012. The result was in line with market expectations. A government spokesman commented that, “consumer price inflation eased in September, mainly because the impact of the upward adjustment of public housing rentals a year earlier by the Housing Authority faded out and the special fuel rebate in electricity was in effect throughout September. The lower food inflation also contributed to the easing trend.”
Consumer prices rose 0.2% in September over the previous month in seasonally-adjusted terms, which contrasted August’s 0.6% decrease. Meanwhile, annual average inflation inched down from August’s 4.1% to 3.7% in September.
Author: Eric Denis , Economist