Hong Kong Inflation Rate Unchanged in December


In Hong Kong, overall consumer prices rose by 3.7% in December of 2012 over the same month a year earlier, same as that in November 2012

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 December 2012 was 3.8%, also same as that in November 2012.

On a seasonally adjusted basis, the average monthly rate of increase in the Composite CPI for the 3-month period from October to December 2012 was 1.2%, and that for the 3-month period from September to November 2012 was 1.3%. 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 October to December 2012 was 0.3%, and that for the 3-month period from September to November 2012 was 0.4%.
 
In the fourth quarter of 2012, the Composite CPI rose by 3.8% over a year earlier, while the CPI(A), CPI(B) and CPI(C) rose by 4.2%, 3.6% and 3.3% respectively. The corresponding increases after netting out the effects of all Government's one-off relief measures were 3.8%, 4.3%, 3.8% and 3.5% respectively.
 
For 2012 as a whole, the Composite CPI was on average 4.1% higher than in the preceding 12-month period. The respective increases in the CPI(A), CPI(B) and CPI(C) were 3.6%, 4.3% and 4.1%. The corresponding increases after netting out the effects of all Government's one-off relief measures were 4.7%, 4.8%, 4.8% and 4.3% respectively.

Census & Statistics Department | Nuno Salva | nuno.salva@tradingeconomics.com
1/21/2013 11:05:37 AM