Published:
Overall consumer prices up 2.6%
The rate of increase in October was mainly due to higher increases in private housing rentals and the prices of food.
According to the Census & Statistics Department, inflation in Hong Kong is likely to rise in the near term as domestic costs rise and inflation increases region-wide.
A report said: “During October, increases in prices were recorded for electricity, gas and water (15.7%), food excluding meals bought away from home (5.7%), miscellaneous goods (3.3%), transport (2.7%), miscellaneous services (2.4%), meals bought away from home (1.9%), housing (1.7%) and alcoholic drinks and tobacco (1.1%).”
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