The Government said today Hong Kong's underlying inflation eased further to 2.1% in the third quarter of 2016, from 2.3% in the preceding quarter.
Headline consumer price inflation went up to 3.1% in the third quarter, from 2.6% in the second quarter, but the increase was mainly due to the temporary low base effect resulting from the Government's one-off payment of public housing rentals in August last year.
On the inflation outlook, imported inflation should remain muted in the near term. The continued feed-through of softer fresh-letting residential rentals in earlier periods and the modest pace of economic expansion should also keep local cost pressures in check. Taking into account the actual inflation outturn in the first nine months, the forecast rates of underlying and headline consumer price inflation for 2016 as a whole are slightly revised to 2.3% and 2.4% respectively in the current round of review, from 2.2% and 2.3% respectively in the August round.
etnet榮獲HKEX Awards 2023 「最佳表現證券數據供應商」大獎► 了解詳情
