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The annual inflation rate in Hong Kong stood at 1.4% in December 2024, remaining unchanged for third consecutive month and remaining at its lowest reading since May. Costs were stable for food (1%) and alcoholic drinks and tobacco (21.2%), while it decreased at a faster pace for clothing and footwear (-3.2% vs -2.4%) and durable goods (-1.6% vs -0.3%). Meanwhile, prices accelerated for housing (1% vs 0.9% in November), electricity, gas, and water (11.4% vs 9.8%), miscellaneous goods and services (1.4% vs 0.8%), transport (2.1% vs 1.3%), and miscellaneous services (2.1% vs 2%). On a monthly basis, consumer prices rose 0.1% in December after stalling in the previous month.