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HK Jan Overall Consumer Prices Up 1.4%; Underlying Inflation Adds to 3.7%
The Census and Statistics Department (C&SD) released today (February 20) the Consumer Price Index (CPI) figures for January 2020. According to the Composite CPI, overall consum...
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HK Jan Overall Consumer Prices Up 1.4%; Underlying Inflation Adds to 3.7%
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2020/02/20 16:56
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The Census and Statistics Department (C&SD) released today (February 20) the Consumer Price Index (CPI) figures for January 2020. According to the Composite CPI, overall consumer prices rose by 1.4% in January 2020 over the same month a year earlier, smaller than the corresponding increase (2.9%) in December 2019. The smaller increase in the Composite CPI in January was mainly due to the Government’s payment of public housing rentals and waiver of two-thirds of rent for tenants of Group B estates by Hong Kong Housing Society in January 2020, as well as the additional Government’s provision of electricity charge subsidy starting from January 2020.

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 January 2020 was 3.7%, larger than that in December 2019 (2.9%). The increase was mainly due to the enlarged increases in the charges for package tours and prices of pork around the Lunar New Year.
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