Hong Kong Inflation Rises To 2.0%

(RTTNews) - Hong Kong's consumer price inflation increased in April to the highest level in three months, data released by the Census and Statistics Department showed on Thursday.

The consumer price index, or CPI, climbed 2.0 percent year-over-year in April, faster than the prior month's 1.4 percent stable rise.

The larger increase was mainly attributable to the lower ceiling of rates concession in April 2025 when compared with the same month last year.

Housing costs alone grew 4.0 percent annually in April, and transport charges were 3.6 percent more expensive. Meanwhile, clothing and footwear prices dropped 3.4 percent.

Netting out the effects of all the government's one-off relief measures, underlying inflation was 1.3 percent versus 1.0 percent in March.

The average monthly rate of increase for the 3-month period ending in April was -0.1 percent.

"Looking ahead, overall inflation should remain modest in the near term," a government spokesman said.

"Pressures from domestic costs and external prices should stay broadly in check."