Hong Kong's overall consumer prices rose 2.8% in April over the same month a year earlier, which was significantly smaller than the corresponding increase of 4.5% in March, according to the Census and Statistics Department.
It was mainly affected by the Government's relief measure of rates concession for April to September while there was no such measure in March. 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 April was 2.4%, smaller than March's 2.8% rise, mainly due to the enlarged decreases in the prices of fresh vegetables and the smaller increases in the prices of fresh fruit.
A Government spokesman commented that, looking ahead, given the benign global inflation, lower international energy and food prices as well as modest growth pace of the economy, inflation should remain contained in the near term.
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