Hong Kong's clothing consumption index rose in February

Hong Kong's clothing consumption index rose in February
The Hong Kong Census and Statistics Department announced the consumer price index for February 2014.
According to the Composite Consumer Price Index, the overall consumer price in February 2014 was 3.9% higher than the same month a year earlier, which was lower than the corresponding increase (4.6%) in January 2014. Excluding the effect of all government one-off relief measures, the year-on-year rate of increase (ie, the underlying inflation rate) of the Composite Consumer Price Index in February 2014 was 3.6%, which was also lower than that in January (4.3%).
Among the various types of consumer items, prices for electricity, gas and water (increased by 5.6% in the Composite Consumer Price Index and 6.1% in the CPI(A)) in prices for which year-on-year increases were recorded in February 2014, Housing (up 5.5% and 5.1% respectively), meals for meals (4.2% and 4.6% respectively), food (excluding meals for outings) (up 4.1% and 4.4% respectively), miscellaneous services (up 3.5% and 3.5% respectively) 3.7%), miscellaneous goods (up 3.2% and 4.9% respectively), traffic (up 2.2% and 2.5% respectively), clothing and footwear (up 1.9% and 1.8% respectively) and tobacco and alcohol (up 1.5% and 1.3% respectively) .
On the other hand, the prices of durable goods had a year-on-year decline in February 2014 (down 3.1% in the Composite Consumer Price Index and 3.6% in the CPI(A)).

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