Sunday, April 26, 2009

HK inflation up

HONG Kong's composite consumer price index last month rose 1.2 percent year on year, while the underlying inflation rate slowed down to 2.6 percent from the average of 3.3 percent in the previous two months, according to government statistics released yesterday.

The smaller rise in the underlying inflation rate was due mainly to the declines in private housing rents and food prices, the Census and Statistics Department said.

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