Overall consumer prices rose 2.5% year-on-year in August, the same as that in July, the Census & Statistics Department announced today.
Netting out the effects of the Governmentâs one-off relief measures, underlying inflation was 1.2%, also unchanged from July.
Compared with August last year, price increases were seen in the following categories: alcoholic drinks and tobacco; electricity, gas and water; housing; transport; meals out and takeaway food; miscellaneous services; miscellaneous goods; and basic food.
Meanwhile, year-on-year decreases were recorded for clothing and footwear; and durable goods.
The Government said overall inflation should stay mild in the near term, while domestic costs may face some moderate upward pressures as the Hong Kong economy continues to grow.
External price pressures should moderate further in broad terms, although geopolitical tensions may bring uncertainties, it added.
In response to the recent announcement by the US to impose an additional 10% duty on Hong Kong products, the Hong Kong Sp...
The Innovation & Technology Commission (ITC) today announced that the New Industrialisation Vetting Committee has, fo...
The Hong Kong Special Administrative Region Government today expressed strong disapproval of the imposition of additional...
The Land Registry logged 4,938 sale and purchase agreements for all building units received for registration in January, ...