Consumer prices up 1.4% in December

Price hikes were seen in categories such as alcoholic drinks, tobacco, and electricity.

Consumer prices in Hong Kong rose by 1.4% year-on-year in December, matching the increase recorded in November, according to the Census & Statistics Department.

Excluding the government’s one-off relief measures, underlying inflation was 1.3%, slightly higher than November's 1.2%.

Price hikes were seen in categories such as alcoholic drinks, tobacco, electricity, transport, housing, and meals out. On the other hand, clothing, footwear, durable goods, and basic food saw price decreases.

The government said underlying inflation remained modest, with food prices showing a mild rise. Energy-related items experienced slight price increases whilst price pressures in other major areas stayed stable.

Looking ahead, the government expects inflation to stay moderate, with some upward pressure from domestic costs as the economy grows whilst external price pressures remain contained.