China News Service, Hong Kong, July 21 (Reporter Wei Huadu) The Hong Kong Special Administrative Region Government Statistics Department announced on the 21st that the overall consumer price index in June 2022 will increase by 1.8% over the same period last year, which is higher than the corresponding increase in May (1.2%). .

Netting out the effects of all the government's one-off relief measures, the year-on-year increase in the Composite CPI (i.e. the underlying inflation rate) in June was also 1.8%, slightly higher than the 1.7% increase in the previous month.

  Among the various components of the Composite CPI, the categories that recorded year-on-year price increases in June this year were electricity, gas and water (up 14.1%), clothing and footwear (up 5.5%), and basic food items (up 4.8%) , dining out and takeaways (up 3.5%), transportation (up 2.1%), durable goods (up 1.9%), alcohol and tobacco (up 1.6%) and miscellaneous services (up 1.2%).

  The SAR government spokesman said that the basic consumer price inflation rate further increased slightly in June, and the year-on-year increase in the prices of energy-related items accelerated.

External price pressures are expected to remain significant given soaring inflation in some key import sources.

However, overall inflation should remain subdued in the near term as local cost pressures remain mild.

  The data shows that in the first half of this year, the composite consumer price index rose by 1.5% over the same period last year.

Zhuang Tailiang, associate professor of the Department of Economics at the Chinese University of Hong Kong, believes that the inflation rate in Hong Kong mainly comes from three parts: food, transportation and rent. Although food has recorded an increase in recent months, it is not large. There has been no significant increase in transportation prices in the past one or two months, but It is not ruled out that the fare increase of taxis or other public transport will have an impact in the future; as for the rent, there is no improvement.

Compared with Europe and the United States, the current level of inflation in Hong Kong is not serious and is at a normal level.

(Finish)