The growth in food prices hit 3.8%.
The increase in the prices of goods and services in Hong Kong continued to soften to 2.5% in December from 2.6% the previous month, according to the Census & Statistics department.
The moderating inflation came as the cost of private housing rentals and meals bought away from home recorded only mild increases.
Inflation levels for electricity, gas and water grew the most in December at 3.8% along with food which recorded the same headline figure. Prices for housing; alcoholic drinks and tobacco; and transport also rose by 2.9%, 2.8%, and 1.8% respectively. On the other hand, the prices of durable goods as well as clothing and footwear fell 2.3% and 1.5% in December.
For the full-year of 2018, the underlying inflation rate averaged 2.6%.
“In the near term, the upside risks to inflation should be contained, as imported inflation has stayed moderate and as pressures on local rentals have weakened somewhat of late,” a government spokesperson said in a statement.
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