Rising pork tab propels May consumer prices

Local | 22 Jul 2019 6:53 pm

Hong Kong's consumer prices increased by 3.3 percent in June from the same month a year before, mainly driven by higher pork prices and package tour fees.

In May, consumer prices increased by 2.8 percent.

Excluding the effects of all one-off relief measures, the Composite CPI, or the underlying inflation rate, increased by 3.2 percent in June, compared with 2.8 percent in May.

On a seasonally adjusted basis, the average monthly rate of increase in the Composite CPI for the three-months ending June was 0.5 percent, and that for the three-months ending May was 0.3 percent.

Excluding the impact of one-off relief measures, the corresponding rates of increase were 0.4 percent and 0.2 percent.  

In June, the prices of food, excluding meals bought away from home, increased by 12.1 percent on-year, housing prices increased by 4.1 percent, the Census and Statistics Department, reported.


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