In Focus
ECONOMY | Staff Reporter, Hong Kong
view(s)

Overall consumer prices up 5.2% in May

And inflation is still likely to rise amid higher price pressures.

A news.gov.hk report said, “Year-on-year increases in prices were recorded in May for alcoholic drinks and tobacco (19.8%), mainly due to the 41.5% increase in tobacco duty; food, excluding meals bought away from home (10.1%); electricity, gas and water (7.9%); clothing and footwear (7.1%); housing (6.1%); meals bought away from home (5.1%); transport (4.8%); miscellaneous goods (4.1%) and miscellaneous services (2.7%).”

Also, the year-on-year rate of increase in the Composite Consumer Price Index in May was said to be 5.1%, mainly due to rising housing rentals and food prices.

View the full report here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.