Hong Kong's consumer prices rose 2.5% YoY in July, led by utilities and transportation costs.

Hong Kong's consumer prices rose 2.5% year-over-year in July, their highest level in eight months, driven by increases in utilities and transportation costs. Food inflation remained steady at 1.9%, while clothing and footwear prices dropped 1.2%. The government anticipates mild overall inflation in the near term, with moderate upward pressures on domestic costs due to the city's growth and external price pressures set to remain on a moderating trend.

August 20, 2024
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