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HK Mar Overall Consumer Prices Rise 2% YoY, with Underlying Inflation Rate 1%
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Overall consumer prices rose by 2% in March 2024 over the same month a year earlier, slightly larger than the average rate of increase in January and February 2024 (1.9%), and lower than the market's forecast of 2.1%, according to the announcement released by the Census and Statistics Department (C&SD) of Hong Kong. Netting out the effects of all Government's one-off relief measures, the YoY rate of increase in the Composite CPI (i.e. the underlying inflation rate) in March 2024 was 1.0%, also slightly larger than the average rate of increase in January and February 2024 (0.9%). The comparison to the average rate of increase in January and February is to neutralize the effect caused by different timing of the Lunar New Year (LNY) between two years, which occurred in February this year but in January last year. AAStocks Financial News |
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