Grocery Prices Up 2.1 Percent Last Year: Watchdog
"); jQuery("#212 h3").html("

"); });
2023-04-17 HKT 13:40
Grocery prices in Hong Kong supermarkets rose 2.1 percent between July 2021 and June last year, the Consumer Council said on Monday.
Some canned food items rose more than 30 percent, it said, as people stocked up fearing there would be pandemic lockdowns.
The council said it looked at the prices of 260 items and compared them to what they had been the year before, finding 70 percent of products became more expensive.
The average 2.1 percent increase was the highest since 2013, it said.
“Whether this trend will go down...if we look at the historical trend, I'm not that optimistic,” said Nora Tam, chairwoman of the council's research and testing committee.
She urged supermarkets to do their best to keep grocery prices down, and encouraged people to shop around.
“All consumers should be a smart consumer. They should actually make good use of the Online Price Watch from the council to compare the price across different supermarkets and retailers, and also visit different stores to check the price in person."
Indonesia And South Korea Begin Cross-Border QRIS Payments In Local Currencies
Bank Indonesia and the Bank of Korea have launched cross-border QR payment connectivity between Indonesia and South Kor... Read more
Hong Kong Misses March Deadline For First Stablecoin Licenses, No Issuers Approved
The Hong Kong Monetary Authority (HKMA) has yet to issue its first batch of stablecoin licenses, missing an earlier tar... Read more
Hong Kong Sees Digital Wallets Surpass Cards For The First Time
Digital wallets have surpassed cards for the first time in the city’s payments landscape, according to the Global Pay... Read more
HSBC Appoints Max Xu And Samuel Chen To Lead Wealth And Private Banking In China
HSBC has appointed Max Xu as Head of International Wealth and Premier Banking (IWPB), HSBC China, and Samuel Chen as He... Read more
OSL Group 2025 Revenue Hits HK$489M, Stablecoins Account For 60% Of Trading
OSL Group reported its annual results for the year ended 31 December 2025. The company said it recorded growth during t... Read more
JCB Brings Google Pay Contactless To Taiwan In First Overseas Rollout
JCB has announced that JCB-branded credit cards issued by Union Bank of Taiwan and Bank SinoPac will, for the first tim... Read more