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Financial News: Hong Kong Inflation Rises In April

Hong Kong Inflation Rises In April

05/21/2021 - 08:01:00 (RTTNews)

(RTTNews) - Hong Kong's consumer prices increased in April, data from the Census and Statistics Department showed on Friday.

The composite consumer price index rose 0.7 percent year-on-year in April, following a 0.5 percent increase in March.

Excluding the effects of all government one-off relief measures, the composite consumer price index increased 0.3 percent yearly in April, after a 0.2 percent rise in the previous month.

"Looking ahead, overall price pressures should stay mild in the near term as the local economy is still operating below its capacity," a government spokesman said.

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