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Surging food and utility bills in Hong Kong spark inflation warning as prices rise 1.7 per cent

Officials have warned that inflationary pressure is rising as new figures reveal the cost of living in Hong Kong continues to increase, driven by higher utility bills and more expensive fresh vegetables.The overall consumer price index (CPI) recorded inflation of 1.7 per cent in October year on year, according to Census and Statistics Department data published on Monday. That compares with 1.4 per cent for September and 1.6 per cent in August.A government spokesman said that October saw “more…

Read the original article at South China Morning Post

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