Hong Kong’s consumer price inflation accelerated for the second straight month in November, though slightly, figures from the Census and Statistics Department showed Thursday.
The consumer price index climbed 1.6 percent year-over-year in November, just above the 1.5 percent increase in October. The measure has been rising since March.
The underlying inflation, which excludes one-off relief measures of the government, also rose to 1.6 percent from 1.5 percent.
Housing costs grew 2.5 percent annually in November and transport costs went up by 1.7 percent. Meanwhile, prices of durable goods dropped 2.5 percent.
“Looking ahead, inflation pressure should be limited in the near term, given the prevailing mild external price pressure and moderate rises in local costs,” a government spokesman said.
“The Government will continue to monitor the inflation developments closely, particularly its impact on the lower-income people.”
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