November inflation drops as consumer demand weakens

PUBLISHED : Wednesday, 24 December, 1997, 12:00am
UPDATED : Wednesday, 24 December, 1997, 12:00am

Weakening consumer demand contributed to a fall in inflation last month compared with November last year, the Government announced yesterday. Consumer Price Index (CPI) A - the broadest measure of inflation - dropped to a year-on-year rate of 5.1 per cent from 5.5 per cent in October. The index tracks the 50 per cent of Hong Kong households spending between $2,500 and $9,999 a month. Items with a slower price rise included durable goods, food and transport.