Basic food products cost almost a quarter of Hong Kongers’ minimum wage

Employees earn a minimum of $7,500 net monthly.

Local employees must spend 23.8% of their minimum wage to be able to buy a basket of basic food products, data from Picodi.com showed.

Last year, employees needed to spend 23.3% of their minimum wage to buy a food survival basket.

Here’s how much each group of products cost as of January 2023:

Milk (10 litres) – $242.00
Bread (10 loaves, 500 g each) – $183.00
Rice (1.5 kg) – $24.00
Eggs (20 pcs) – $45.00
Cheese (1 kg) – $195.00
Poultry and beef (6 kg) – $759.00
Fruits (6 kg) – $166.00
Vegetables (8 kg) – $170.00

“The given amounts are enough to meet the minimum nutrient requirement for an average adult,” Picodi.com explained.

In 2023, Picodi.com said the minimum wage grew slower than the prices of products.

Hong Kong’s minimum wage was unchanged from last year at $7,500 net monthly, whilst its shopping basket value increased 2.23% YoY in January 2023.

With this, Hong Kong ranked 36th amongst places with the best basic food price ratio.

Also Read

What does Trump's return mean for Hong Kong?

Diffusion index climbs to 42.3 in October

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit