The growth in consumer prices in Hong Kong slowed in August


In Hong Kong, an insignificant weakening of inflation was recorded in August, writes. According to the Census Statistics Department, last month consumer prices in annual terms increased by 2.3%, while analysts had expected the rise of 2.4%. In August last year, the price increase was 2.4%. Core inflation in August was 2.6%, getting down from 2.7% a year earlier. Food products rose in annual terms by 4.5%, utilities - by 3.4%. At the same time, in August, prices for durable goods were down by 1.9%. According to government estimates, inflation in the coming months will be insignificant.

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