Inflation at 1.4% in October

  • Writer : Admin
  • Date : 2024.11.21

Overall consumer prices rose 1.4% year-on-year in October, a smaller rate of increase than the 2.2% seen in September.

Netting out the effects of the Government’s one-off relief measures, underlying inflation was 1.2%, larger than that recorded in September, attributed to the upward adjustment in public housing rentals.

Compared with October last year, price increases were seen in the following categories: alcoholic drinks and tobacco; electricity, gas and water; miscellaneous services; meals out and takeaway food; miscellaneous goods; transport; and housing.

Meanwhile, year-on-year decreases were recorded for clothing and footwear; durable goods; and basic food.

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