Hong Kong's consumer price inflation at 2.5% in August, driven by housing and utility costs.
In August, Hong Kong's consumer price inflation held steady at 2.5%, matching July's rate and marking the highest level in eight months. Key factors included a 3.3% rise in housing costs and a 4.8% increase in utility prices. Food prices grew by 1.8%, while durable goods fell by 0.9%. Underlying inflation remained at 1.2%. The government anticipates mild inflation in the near term, despite potential pressures from economic growth and geopolitical tensions.
September 20, 2024
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