Inflation rate of Hong Kong (China) increased by 1.6%
The reason is attributed to the sharp increase in the price of green vegetables due to traffic disruptions from mainland China due to many drivers contracting COVID-19 in February. Excluding the effect of the government’s one-time relief measures, the rate rate core inflation also 1.6%, higher than 1.2% in January.
Among the categories of goods constituting CPI, the commodity groups that recorded a year-on-year increase in price in February were clothing and footwear, up by 8.0%, transportation by 7.0%, basic food by 7.0%. 4.5%.
In the context of high inflation in major economies and high international commodity and energy prices, it is expected that external price pressures may persist.
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