Hong Kong's Consumer Price Index Experiences 1.5% Growth Year-on-Year in June 2023
Monday, 22 July 2024, 11:34
Hong Kong's Consumer Price Index Overview
The Census and Statistics Department (C&SD) reported that Hong Kong's Consumer Price Index (CPI) saw a notable increase of 1.5% year-on-year in June 2023.
Key Contributors to CPI Increase
- Rising food costs significantly impacted overall inflation.
- Housing expenses also contributed to the upward trend.
- Transportation costs increased, adding to consumer expenditures.
Conclusion
This CPI increase reflects ongoing inflationary pressures within the economy, making it essential for consumers and businesses to stay informed about economic trends that affect their purchasing power and operational costs.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.