Source: Hong Kong Information Services
Overall consumer prices rose 1.2% year-on-year in November, the same as in October, the Census & Statistics Department announced today.
Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1% in November, the same as that recorded in the previous month.
Compared with the year before, price increases were recorded in November in the following categories: transport; alcoholic drinks and tobacco; miscellaneous services; housing; meals out and takeaway food; miscellaneous goods; and basic food.
Meanwhile, year-on-year decreases were logged for clothing and footwear; durable; and electricity, gas and water.
The Government said consumer price inflation stayed subdued in November. It expects that overall inflation should remain modest in the near term, as cost pressures on the domestic and external fronts are still broadly in check.