RTTNews - Hong Kong's composite consumer price index increased 0.6% year-on-year in April, slowing from a 1.2% rise in March, the Census and Statistics Department said Thursday. Economists expected the consumer prices to rise 1%.
The statistical office said the year-on-year increase in the consumer price index was affected by the government's one-off relief measures, in particular the implementation of electricity charge subsidy. The underlying inflation rate decreased to 1.9% in April from 2.6% in March, mainly due to decline in food prices and private housing rentals.
In the February-April period, consumer prices fell a seasonally adjusted 0.1%, after remaining almost unchanged in the three-month period ended March.
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