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Consumer prices up 3.9%

April 22, 2014

Overall consumer prices rose 3.9% year-on-year in March, the same as in February, the Census & Statistics Department announced today.

 

Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 3.6%, also the same as in February.

 

Year-on-year price increases were recorded for alcoholic drinks and tobacco (7.2%); housing (5.4%); electricity, gas and water (4.8%); food excluding meals bought away from home (4.8%); meals bought away from home (4.4%); miscellaneous services (2.8%); clothing and footwear (2.5%) and transport (1.5%).

 

A year-on-year 3% price decrease was recorded for durable goods in March.

 

The department forecasts modest imported inflation, adding that the feed-through of the milder increases in fresh-letting residential rentals since 2013 will help contain inflation in the near term. 

 

It said the Government will monitor the inflation situation, particularly its impact on people with lower incomes. 



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