Hong Kong's April inflation rate slowed to 1.1% due to decreased food and energy prices.
Hong Kong's inflation rate slowed to 1.1% in April, the lowest in nearly three years, mainly due to decreased food and energy prices. The consumer price index increased by 1.1% year-over-year, down from 2% growth in March. Food inflation fell to 1.8% from 1.9% in March, while housing costs rose at a slower pace of 1.0% annually. The government expects overall inflation to remain contained, with external price pressures decreasing, but geopolitical tensions may create uncertainties.
May 23, 2024
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