Inflation Rose 5.8% In Hongkong In September And 8.7% In Clothing Category.
Hongkong Special Administrative Region
The census and Statistics Department released the 21 day of September as a whole.
Consumer prices
Up 5.8% over the same period, 0.1 percentage points higher than the August increase.
Eliminate the impact of all government one-time bail outs.
Inflation rate
6.4%, also higher than 6.3% in August, mainly due to the expansion of private housing rents.
The Statistics Department said that the basic inflation rate rose slightly in September because of a slight slowdown in food inflation in the past year.
The increase in private housing rents has shown that the rise in rent for new rental housing in private housing is continuing to reflect inflation.
Inflation may continue to rise in the short term as a result of the lagging impact of the sharp rise in international food prices and market rents.
However, the recent decline in global food and commodity prices is a positive development and should help to ease import inflation over a period of time.
The categories recorded in September included tobacco and liquor (20.3%), food (11.3%), clothing (8.7%), housing (8.3%), outgoing meals (5.7%), traffic (5.3%), miscellaneous items (4.8%) and miscellaneous services (4.1%).
In the month, the categories of electricity prices dropped by 15.9%, and durable goods fell by 3%.
In the first 9 months of this year, the composite consumer price index rose by 5.1% in Hongkong.
Excluding all government one-time bail outs, inflation rose by 4.9% during the period.
Comprehensive consumption in the third quarter of this year
price index
Up 6.4%.
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