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news.gov.hk/en - 2 month ago

Inflation at 1% in July

Overall consumer prices rose 1% in July, a smaller increase than the 1.4% registered in June, the Census Statistics Department announced today. Netting out the effects of the Government s one-off relief measures, the underlying inflation rate was 1%, the same as that seen in June. Compared with a year before, price increases were recorded in July in the following categories: h alcoholic drinks and t tra meals out and takeaway miscellaneous se electricity, gas and and miscellaneous goods. Meanwhile, year-on-year decreases were logged in clothing and fo durable and basic food. The Government said consumer price inflation stayed modest in July, and that price pressures on major components were largely contained. As pressures from domestic costs and external prices stay broadly in check, overall inflation should remain modest in the near term, it added.


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