Hong Kong's Consumer Prices Rise 1.5% in June

MT Newswires Live07-22

Hong Kong's overall consumer prices rose by 1.5% year over year in June based on Composite consumer price index (CPI), higher than the 1.2% increase seen in May, a Monday filing by the Census and Statistics Department said.

The larger increase was due mainly to a year-over-year decline in the government's provision of electricity charges subsidy as compared to June 2023.

Amongst the composite CPI components, the prices of alcoholic drinks and tobacco, meals out and takeaway food, miscellaneous services, transport, and housing, among others, rose by 22%, 2.7%, 2.5%, 1.7%, and 1.1%, respectively.

From January to June, the composite CPI rose by 1.6% over a year prior.

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