Consumer prices increased 2.4% year-on-year in December, a slightly smaller decline than that registered in November.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1.4%, also slightly lower than that seen in November.

The smaller increase was mainly due to the decreases in the prices of fresh vegetables as well as the larger drop in electricity charges.

Compared with December last year, price increases were recorded in the following categories: alcoholic drinks and tobacco; clothing and footwear; meals out and takeaway food; miscellaneous services; transport; housing; miscellaneous goods; and basic food.

By contrast, year-on-year price decreases for electricity, gas and water, and durable goods were recorded.

Date: 2024.01.22