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HK Oct Underlying Inflation Slightly Slows MoM to 3.1%
The Census and Statistics Department (C&SD) announced that overall consumer prices rose by 3.1% in October 2019 over the same month a year earlier, slightly smaller than the co...
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HK Oct Underlying Inflation Slightly Slows MoM to 3.1%
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2019/11/21 16:38
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The Census and Statistics Department (C&SD) announced that overall consumer prices rose by 3.1% in October 2019 over the same month a year earlier, slightly smaller than the corresponding increase (3.2%) in September 2019.

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 October 2019 was also 3.1%, slightly smaller than that in September 2019 (3.2%).

The smaller increase in October was mainly due to the smaller increases in private housing rentals and prices of fresh fruit.
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