April Inflation Up 1.9%

Consumer prices rose by 1.9% year-on-year in April, the Census & Statistics Department said today.

 

Netting out effects of the Government's one-off relief measures, the underlying inflation rate was 2.2%, compared to 2.6% in March.

 

Year-on-year price increases were recorded in April for food, electricity, gas and water, meals bought away from home, housing, miscellaneous good, miscellaneous services, clothing and footwear, transport as well as alcohol and tobacco.

 

A year-on-year decrease in prices was recorded for durable goods.

 

The department said inflationary pressures remained largely moderate in April.

 

Looking ahead, it expects inflationary pressures to go up this year if the robust economic conditions continue.

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