Friday, March 6, 2015   

Inflation in May unchanged at 3.5 pct
(06-23 18:09)

Hong Kong's year-on-year Consumer Price Index (CPI) in May stayed unchanged at 3.5 percent compared to April this year, netting out the effects of all government's one-off relief measures, the city's statistic department said here on Monday.
Amongst the various CPI components, prices for alcoholic drinks and tobacco rose 8.5 percent in May from a year ago, followed by housing 4.8 percent, electricity, gas and water 3.9 percent, food 3.6 percent and miscellaneous services 2.9 percent.
On the other hand, prices for durable goods fell 3.4 percent last month from a year earlier.
A government spokesman said the underlying inflation rate in May was lower than that of 3.8 percent in the first quarter, indicating that inflationary pressures were contained.
The spokesman expects that the upside risks to inflation should remain limited in the near term, given the modest rise in import prices, easing rental pressures and steady wage growth. --Xinhua   
Other Hong Kong breaking news:
(NPC) Yuan debt issuance in HK to continue (1 hr 39 mins ago)
Mandarin Oriental hotels credit card systems hacked (1 hr 55 mins ago)
London urged to push Beijing on safeguarding HK’s fundamental rights (03-06 10:32)
Tai Wai agency convicted for overcharging helpers (03-05 19:29)
Cops arrested five linked to Bitcoin scam (03-05 18:53)
'Flu peak past already' (03-05 18:50)
Four arrested for Asia Miles hacking (03-05 17:51)
Low-sulphur fuel vessels to haul sludge (03-05 17:21)
Govt slammed for East Rail delay (03-05 16:29)
Departure tax urged for parallel traders (03-05 16:28)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.