Consumer prices increased 2.6% year-on-year in November, a slightly smaller decline than that registered in October.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1.6%, also slightly lower than that seen in October.

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

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

Date: 2023.12.21