Saturday, October 25, 2014   

HK price level rises faster in July
(08-21 18:18)

Hong Kong price level rose 4 percent in July from a year ago, faster than the growth of 3.6 percent recorded in June, the statistic department said today. It was mainly because some households had exhausted the full amount of the government's one-off electricity charge subsidy.
On the other hand, underlying inflation was up 3.3 percent year on year, marginally slower than the 3.4-percent expansion in June, mainly due to smaller increases in private housing rentals and the charges for package tours.
Amongst the various CPI components in July, prices for electricity, gas and water rose 30.1 percent, followed by alcoholic drinks and tobacco 7.8 percent, housing 4.4 percent, food 3.6 percent and miscellaneous goods 2.9 percent.
Prices for durable goods fell 3.5 percent from a year earlier.
A government spokesman said underlying inflation continued an easing trend in July, largely thanks to the slower year-on-year increases in private housing rentals and the modest rises in import prices.
"The underlying inflation should remain contained for the rest of the year, given the generally modest price pressures both locally and externally,'' he said.   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 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 2014, 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.