Hongkong Shoe And Other Consumer Index To Climb A Step Further
Hong Kong's inflation fell, and the Composite CPI rose 5.7% in November, mainly due to pork.
Price
The increase narrowed.
Basic inflation remained at 6.4% levels.
With global food and commodity prices down and Hong Kong's economic growth slowing down, inflation pressures in the coming quarters are expected to ease.
The census and Statistics Department of Hongkong announced in December 20th that the Composite CPI was 5.7% in November, 0.1 percentage points lower than that in October.
Eliminate the impact of all government one-time bail outs.
Inflation rate
For 6.4%, it remained at that level for 3 consecutive months.
In all types of consumption items, the categories of prices are recorded, including
Tobacco and alcohol
(19.8%), food (excluding outgoing meals) (11.5%), housing (8.4%), clothing and shoes (6.7%), outgoing meals (6.3%), pportation (4.4%), miscellaneous services (3.7%) and miscellaneous items (3.3%).
The category of year-on-year decline was recorded in the month, including electricity, gas and water (down 16%) and durable goods (down 3.4%).
In the first 11 months of this year, the combined CPI was 5.2%.
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