Hong Kong's annual inflation weakened in April after rising in the previous month, data released by the Census and Statistics Department showed Tuesday.
The consumer price inflation eased to 4.7 percent in April from 4.9 percent in March, which was bigger than the February's rate of 4.7 percent. The latest figure matched economists' expectations.
Food prices advanced 7 percent annually, while housing costs moved up 7.2 percent. There was a 3.3 percent annual growth in clothing and footwear prices during the month, and a 3.7 percent rise the transportation costs.
On a monthly basis, on average, consumer prices moved up a seasonally adjusted 0.3 percent in April, following the previous month's 0.4 percent rise.
by RTT Staff Writer
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