HONG KONG, Aug 21 (Xinhua): Hong Kong's Consumer Price Index (CPI) in July fell to 3.3 per cent year on year from 3.4 per cent in June, mainly due to the smaller increases in private housing rentals and the charges for package tours, the city's statistics department said here on Thursday.
On the other hand, the Composite CPI in July rose 4.0 per cent from a year ago, compare with the 3.6 per cent in June as some households had used up the full amount of the government's one-off electricity charge subsidy.
Amongst the various CPI components in July, prices for electricity, gas and water rose 30.1 per cent, followed by alcoholic drinks and tobacco 7.8 per cent, housing 4.4 per cent, food 3.6 per cent and miscellaneous goods 2.9 per cent. Prices for durable goods fell 3.5 per cent from a year earlier.
A government spokesman said underlying inflation continued an easing trend in July, largely thanks to the slower year-on-year increases in private housing rentals and the modest rises in import prices.
HK inflation slows to 3.3pc in July
FE Team | Published: August 22, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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