Hong Kong Consumer Price Index (CPI) rose 7.5% in August

Hong Kong government statistics released on September 22 the Consumer Price Index of August 2011. According to the Composite Consumer Price Index, overall consumer prices in August 2011 were 5.7% higher than the same month a year earlier, lower than the corresponding increase of 7.9% in July.

Among various types of consumer items, the prices recorded in August 2011 for year-on-year increases were alcohol and tobacco (20.3% in the Composite Consumer Price Index and 22.6% in the Consumer Price Index A, mainly due to ** tax Increase by 41.5%), foodstuffs (excluding meal outs) (up 11.7% and 12.2% respectively), housing (up 8.3% and 8.2% respectively), clothing, footwear (up 7.5% and 7.5% respectively) 6.8%), Dining out (up 5.7% and 5.9% respectively), Traffic (up 4.9% and 3.7% respectively), Miscellaneous items (up 4.6% and 3.5% respectively) and Miscellaneous Services (up 4.0% and 2.2% respectively) ).

On the other hand, the categories recorded year-on-year decreases in prices in August 2011 were electricity, gas and water (down 16.2% in the Composite Consumer Price Index and 18.8% in the Consumer Price Index A, mainly due to the government’s electricity bill). Subsidy) and durable goods (down 3.2% and 3.8%, respectively).