FX.co ★ Hong Kong's CPI Shows Slight Decrease to 2% in March 2024

According to the latest data released on April 23, 2024, Hong Kong's Consumer Price Index (CPI) for March 2024 showed a slight decrease to 2%, down from the previous indicator of 2.1% in February 2024. The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.

The comparison period for this data is year-over-year, which means it compares the change in prices for March 2024 to March of the previous year. The slight decrease in the CPI indicates that the overall inflation rate in Hong Kong has softened slightly compared to the previous month.

The CPI is an important economic indicator that reflects the cost of living for consumers in a given country. While a lower CPI can indicate reduced inflationary pressures, economists will continue to monitor future data releases to assess the overall economic health of Hong Kong.