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Hong Kong`s consumer prices up 3.9 pct in March

2014-04-23 15:27:37Source:XinhuaAuthor:

Overall consumer prices in Hong Kong rose 3.9 percent year on year in March, the same as in February, the Census and Statistics Department said here on Tuesday.

Netting out the effects of the city's government's one-off relief measures, the underlying inflation rate was 3.6 percent, also the same as in February.

Price for alcoholic drinks and tobacco rose 7.2 percent in March from a year earlier, followed by housing 5.4 percent, electricity, gas and water 4.8 percent, food excluding meals bought away from home 4.8 percent, miscellaneous services 2.8 percent, clothing and footwear 2.5 percent and transport 1.5 percent.

A year-on-year 3 percent price decrease was recorded for durable goods in March.

The department forecasts modest imported inflation, adding that the feed-through of the milder increases in fresh-letting residential rentals since 2013 will help contain inflation in the near term.