Hong Kong: Inflation comes in at highest level since September 2024 in January
Latest reading: Inflation increased to 2.0% in January from December’s 1.4%. January’s figure represented the highest inflation rate since September 2024, and was linked to extra demand for food and transport during the Lunar New Year plus the end of a housing rent waiver.
The trend pointed up mildly, with annual average inflation coming in at 1.8% in January (December: 1.7%).
Finally, consumer prices increased a seasonally adjusted 0.46% in January over the previous month, accelerating from December’s 0.09% rise. January’s uptick marked the highest reading since July 2024.