H. Kong CPI rises 1.4% YoY in Oct. ’24

Hong Kong’s Consumer Price Index (CPI) rose by 1.4 per cent year-on-year in October 2024, as per a report published by the Census and Statistics Department (C&SD) on Thursday.

In September 2024, CPI rose by 2.2 per cent.

This moderation in October was primarily attributed to the dissipation of the low base effect caused by government relief measures implemented in the previous year, the report noted.

Excluding the impact of these one-off relief measures, the underlying inflation rate in October 2024 was 1.2 per cent, a slight increase from September’s 0.9 per cent. This uptick was mainly driven by an adjustment in public housing rental rates.

Attribution: The Census and Statistics Department report

Subediting: Y.Yasser