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Consumer prices up 2.8%

May 21, 2015

Overall consumer prices rose 2.8% year-on-year in April, down from March's 4.5% increase, the Census & Statistics Department announced today.

 

Netting out the effects of all Government one-off relief measures, the underlying inflation rate was 2.4% compared to 2.8% in March.

 

Year-on-year increases were recorded for electricity, gas and water, meals bought away from home, housing, miscellaneous services, food and miscellaneous goods.

 

Year-on-year decreases were recorded for durable goods, clothing and footwear.

 

The department noted that inflation eased further in March, reflecting slower year-on-year increases in food prices.

 

Looking ahead, inflation should remain contained in the near term, given the benign global inflation, lower international energy and food prices, as well as the modest growth pace of the economy.



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Data Gov HK