从细分指数分析，甲类、乙类及丙类消费物价指数在2024年9月份的同比升幅分别为2.9%、2.0%及1.6%，而2024年8月份的相应升幅分别为3.2%、2.2%及1.9%。剔除所有港府一次性纾困措施的影响，甲类、乙类及丙类消费物价指数在2024年9月份的同比升幅分别为0.9%、0.9%及1.0%，在2024年8月份的升幅则分别为1.1%、1.2%及1.3%。According to the Consumer Price Index, in September 2024, the overall consumer price in Hong Kong increased by 2.2% compared to the same month one year ago, which is lower than the corresponding increase in August 2024 (2.5%).
According to the latest news from the Zhitong Financial APP, the Census and Statistics Department of the Hong Kong SAR Government today (October 22) announced the Consumer Price Index for September 2024. Based on the Consumer Price Index, in September 2024, the overall consumer price increased by 2.2% compared to the same month one year ago, which is lower than the corresponding increase in August 2024 (2.5%). Excluding the impact of all one-off relief measures by the Hong Kong SAR Government, the year-on-year increase in the Consumer Price Index in September 2024 (i.e., the basic inflation rate) was 0.9%, also lower than in August 2024 (1.2%). The narrowing of the year-on-year increase was mainly due to a significant increase in food prices in September 2023, resulting in a higher base of comparison.
For the three-month period ending in September 2024, the average monthly increase of the seasonally adjusted Consumer Price Index was 0.4%, compared to 0.6% for the three months ending in August 2024. Excluding the impact of all one-off relief measures by the Hong Kong SAR Government, the corresponding increases were 0.1% and 0.2%.
Analyzing the sub-indices, the Consumer Price Index for Class A, Class B, and Class C had year-on-year increases of 2.9%, 2.0%, and 1.6% respectively in September 2024, compared to 3.2%, 2.2%, and 1.9% in August 2024. Excluding the impact of all one-off relief measures by the Hong Kong SAR Government, the year-on-year increases for Class A, Class B, and Class C Consumer Price Index in September 2024 were 0.9%, 0.9%, and 1.0%, compared to 1.1%, 1.2%, and 1.3% in August 2024.
For the three-month period ending in September 2024, the average monthly increase of the seasonally adjusted Consumer Price Index for Class A, Class B, and Class C was 0.5%, 0.4%, and 0.3% respectively, compared to 0.8%, 0.5%, and 0.4% for the three months ending in August 2024. Excluding the impact of all one-off relief measures by the Hong Kong SAR Government, the average monthly increases for the seasonally adjusted Consumer Price Index of Class A, Class B, and Class C for the three months ending in September 2024 were all 0.1%, while they were 0.2%, 0.1%, and 0.2% for the three months ending in August 2024.
Among various categories of components in the Consumer Price Index, the categories that recorded year-on-year increases in September 2024 were Tobacco and Alcohol (up 21.4%), Electrical Utilities, Gas and Water (up 6.5%), Housing (up 3.3%), Miscellaneous Services (up 2.0%), Dining Out and Takeout (up 1.8%), Miscellaneous Goods (up 1.2%), and Transportation (up 1.0%).
On the other hand, the Consumer Price Index recorded year-on-year decreases in the categories of Clothing and Footwear (down 1.6%), Basic Food (down 0.4%), and Durable Goods (down 0.4%) in September 2024.
By combining the first 9 months of 2024, the comprehensive consumer price index rose by 1.9% compared to the same period a year ago, with corresponding increases of 2.2%, 1.7%, and 1.6% for Class A, Class B, and Class C consumer price indices, respectively. Excluding the impact of all one-off relief measures by the Hong Kong government, the corresponding increases were 1.0%, 0.9%, 1.1%, and 1.2%.
In the third quarter of 2024, the comprehensive consumer price index rose by 2.4% compared to the same period a year ago, while Class A, Class B, and Class C consumer price indices increased by 3.1%, 2.1%, and 1.9% respectively. Excluding the impact of all one-off relief measures by the Hong Kong government, the corresponding increases were 1.1%, 1.0%, 1.1%, and 1.2%.
In the twelve months ending in September 2024, the comprehensive consumer price index rose by an average of 2.0% compared to the same period a year ago, with corresponding increases of 2.4%, 1.9%, and 1.8% for Class A, Class B, and Class C consumer price indices, respectively. Excluding the impact of all one-off relief measures by the Hong Kong government, the corresponding increases were 1.2%, 1.0%, 1.2%, and 1.4%.
A government spokesperson stated that basic consumer price inflation in September remains at a mild level. The year-on-year increase in food prices has slowed down, while the decline in prices of energy-related items has narrowed. Price pressures from other major components are still broadly under control.
Looking ahead, overall inflation is expected to remain mild in the short term. Continued economic growth in Hong Kong may bring some moderate upward pressure on local costs. At the same time, external price pressures are likely to ease further, despite ongoing uncertainties in the external environment. The Hong Kong government will continue to monitor the situation.
