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HK's Composite CPI up 4.6 pct in February

Xinhua, March 20, 2015 Adjust font size:

Hong Kong's overall consumer prices rose by 4.6 percent in February over the same month a year earlier, the Census and Statistics Department said on Friday.

The department said this figure was also larger than the corresponding increase of 4.1 percent in January. Netting out the effects of all government's one-off relief measures, the year-on- year rate of increase in the Composite Consumrer Price Index (CPI) in February was 2.8 percent, also larger than that of 2.3 percent in January.

The larger increase was mainly attributable to the difference in the timing of the Lunar New Year, which fell in February this year but in late January last year, according to the department.

Taking the first two months of 2015 together to neutralize the effect of the Lunar New Year, the Composite CPI rose by 4.3 percent over a year earlier. Netting out the effect of all government's one-off relief measures, the Composite CPI rose by 2. 6 percent in the first two months of 2015 year on year.

On a seasonally adjusted basis, the average monthly rate of increase in the Composite CPI for the 3-month period from December 2014 to February 2015 was 0.1 percent, the same as the period from November 2014 to January 2015.

Excluding the effects of all government's one-off relief measures, the average monthly rate of increase in the Composite CPI for the 3-month period from December 2014 to February 2015 was 0.1 percent, the same as that for the period from November 2014 to January 2015. Endi