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HK Dec 19 Underlying CPI Stays at 2.9%
The Census and Statistics Department (C&SD) announced today (January 21) that, according to the Composite CPI, overall consumer prices rose by 2.9% in December 2019 over the sa...
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HK Dec 19 Underlying CPI Stays at 2.9%
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2020/01/21 16:37
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The Census and Statistics Department (C&SD) announced today (January 21) that, according to the Composite CPI, overall consumer prices rose by 2.9% in December 2019 over the same month a year earlier, against consensus of 3%, and slightly smaller than the corresponding increase (3%) in November 2019.

Netting out the effects of all Government's one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in December 2019 was also 2.9%, remaining virtually unchanged as compared to November 2019.

A Government spokesman said that the underlying consumer price inflation rate held stable at 2.9% in December 2019. While price pressures on most major CPI components stayed modest or moderate, food inflation remained notable amid elevated fresh pork prices.
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