Overall Consumer Prices In Hong Kong Rose 3% Year On Year In August

　 Hong Kong as a whole in August consumption Prices rose by 3% year-on-year, larger than that in July.

The census and Statistics Department of the Hong Kong government announced on September 21 that the overall consumer price in August increased by 3% year-on-year, which was larger than that in July, because the government's rent payment for public housing was implemented in different months.

Excluding all one-time government bail-out measures, the basic inflation rate was 1.9%, the same as in July.

On a seasonally adjusted basis, the Composite CPI fell by an average of 0.5% per month in the three months to August, and the average monthly change rate was 0% after excluding the impact of all the government's one-time bail-out measures.

As the economy continues to grow rapidly, as well as labor market Continuous improvement, inflation There is a certain upward risk in the future.

Higher import prices and rising global food prices may also push up import inflation, while sustained growth in labour productivity will help to alleviate the overall inflationary pressure.

Electricity, gas and water rose by 60.3% in August as some households had used up the one-time electricity subsidy provided by the government.

Other categories that recorded increases included food (excluding meals out) (3.3%), miscellaneous services (2.7%), miscellaneous goods (2.6%), clothing and footwear (2.5%), dining out (1.9%), transportation (1.8%), housing (1%) and tobacco and alcohol (0.3%).

The price of durable goods decreased by 2.5% per year.