Consumer price inflation in Hong Kong weakened to the lowest level in fifteen months in May, and matched economists' expectations, data released by the Census and Statistics Department showed Thursday.
The consumer price index increased 4.3 percent annually in May, in line with economists' expectations. In April, the inflation rate was 4.7 percent. The latest figure was the lowest since February 2011, when prices rose 3.6 percent.
Food prices advanced 6.8 percent annually, while housing costs increased 6.3 percent. There was a 3.2 percent year-on-year gain in clothing and footwear prices during the month, and a 3.3 percent rise in transportation costs. Meanwhile, prices of electricity, gas and water decreased 18.2 percent year-on-year in May, data showed.
Sequentially, in the three months ended May, consumer prices increase on average 0.4 percent, after rising 0.3 percent in the February-April period, the agency said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.