Hong Kong Economic and Trade Office, USA
Hong Kong
News Release



Consumer Price Indices for November 2018

 



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December 20, 2018 - The Census and Statistics Department of the Hong Kong Special Administrative Region Government released today the Consumer Price Index (CPI) figures for November 2018. According to the Composite CPI, overall consumer prices rose by 2.6% in November 2018 over the same month a year earlier, slightly smaller than the corresponding increase (2.7%) in October 2018. Netting out the effects of all Government’s one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in November 2018 was 2.9%, slightly smaller than that in October 2018 (3.0%), mainly due to the decreases in the prices of women’s outerclothing and the smaller increases in local transport fares in November 2018.

On a seasonally adjusted basis, the average monthly rate of increase in the Composite CPI for the 3-month period from September to November 2018 was 0.3%, and that for the 3-month period from August to October 2018 was 0.2%. Netting out the effects of all Government's one-off relief measures, the average monthly rate of increase in the Composite CPI for the 3-month period from September to November 2018 was 0.3%, and that for the 3-month period from August to October 2018 was 0.2%.

A Government spokesman said that consumer price inflation went down slightly in November. In the coming months, the underlying inflation rate will likely hover near the current level, as the earlier rises in fresh-letting residential rentals continue to feed through. The Government will monitor the situation closely, particularly the impact on the lower-income people.

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