Hong Kong Consumer Prices Up 5.7 pct in November

   Date:2011-12-21     Source:puchangpingwangxin

Hong Kong's overall consumer prices rose 5.7 percent in November over the same month last year, down from October's figure of 5.8 percent, official data showed on Tuesday.

According to figures released by the Census and Statistics Department, the slightly lower year-on-year increases in November compared with that in October was mainly due to smaller increases in the price of pork.

Netting out the effects of the Government's one-off relief measures, the year-on-year rate of increase in the Composite Consumer Price Index in November was 6.4 percent, matching that for October. Underlying inflation remained stable for the third consecutive month in November.

The department said price pressures on both external and domestic fronts are likely to ease in the coming quarters, alongside with the recent retreat of global food and commodity prices and slower growth in the local economy.

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