Hong Kong inflation accelerated in April mainly due to a surge in prices of fresh vegetables, a report from the Census and Statistics Department showed Tuesday.
The composite consumer price index rose at a faster-than-expected pace of 4 percent year-on-year in April, following a 3.6 percent rise in March. It was forecast to rise to 3.7 percent.
Netting out the effects of all government's one-off relief measures, the annual increase in the composite CPI was 3.9 percent, larger than 3.7 percent seen in March.
Looking ahead, a government spokesman said inflation is likely to rise slightly in the coming months as the lagged effects of the rise in private housing rentals during 2012 feed through.
Nonetheless, imported inflation stayed tame and the recent softening in housing rentals should help contain the upward pressure on inflation in the latter part of this year, spokesman added.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.