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Monday, September 21, 2020, 22:56
Hong Kong's consumer prices up 0.1% in August
By Xinhua
Monday, September 21, 2020, 22:56 By Xinhua

A man visits a viewing deck in Hong Kong on September 20, 2020. (MAY JAMES / AFP)

HONG KONG - Hong Kong's consumer price index (CPI) registered a year-on-year increase of 0.1 percent in August mainly due to the smaller gains in the prices of pork and private housing rentals, according to the Census and Statistics Department of the Hong Kong Special Administrative Region government (HKSAR).

An HKSAR government spokesperson said the underlying CPI rate edged down further to 0.1 percent in August as economic conditions remained weak amid the third wave of the COVID-19 epidemic

An HKSAR government spokesperson said the underlying CPI rate edged down further to 0.1 percent in August as economic conditions remained weak amid the third wave of the COVID-19 epidemic. 

ALSO READ: HK reports six new virus cases, tally reaches 5,038

Prices of meals bought away from home saw a slightly larger year-on-year decline, while price pressures on many other major CPI components receded further.

Looking ahead, price pressures on both external and domestic fronts should remain tame in the rest of year amid subdued global and local economic conditions, and the government will continue to monitor the situation closely, the spokesperson added. 

READ MORE: HK consumer prices rise 2.2% in February


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