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  • October 22, 2014
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  1. Take the shock out of electricity bills

    Posted Dec 16th 2011, 12:00am

    ... The sharp rise in electricity tariffs announced by the two power companies this week will hit the community hard at a time of relatively high inflation and economic uncertainty. The increases of 9.2 per cent for CLP Power and 6.3 per cent for Hongkong Electric are very steep. But there is little the government can do except issue a plea to the social conscience ...

  2. Falling charges for fuel and electricity trigger drop in inflation

    Posted Nov 21st 2008, 12:00am by Martin Wong

    ... Falling fuel and electricity costs accounted for most of the drop, the government said. An academic warned the city might soon have to worry about deflation given slowing economic growth. Headline ... housing tenants a three-month rent holiday and given every household a HK$300-a-month subsidy towards their electricity bills. The biggest price rises were for food, up 14 per cent overall ...

  3. Falling inflation may lead to electric shock

    Posted Sep 11th 2008, 12:00am by Tom Holland

    ... are possible, but following damaging fuel and electricity shortages, policymakers may first decide to seize the opportunity presented by falling inflation to push through energy price reform. Change ... into the red and causing widespread fuel shortages. Meanwhile, with coal prices having risen faster than electricity tariffs, by some estimates power producers are now losing as much as 50 yuan (HK$57) ...

  4. Beijing may raise price of electricity, raw materials

    Posted Jan 12th 2005, 12:00am by Josephine Ma

    ... Josephine Ma in Beijing This would aim to curb fixed-asset investment but might also fuel inflation The mainland may raise the price of electricity, coal and other raw materials to curb the growth of fixed-asset investment this year, a government economist said yesterday. The move might fuel inflation, conceded Fan Jianping, director of the economic forecast department of the State ...

  5. HK's deflation rate slowing

    Posted Jul 23rd 2004, 12:00am by Kelly Chan

    ... decline in the consumer price index (CPI) figures was 'partly attributable to the lower base of comparison brought about by an electricity company in June 2003'. 'Other contributory ... of electricity, food and oil are already surging.' June's price drops meant that Hong Kong has now endured 68 consecutive months of deflation. In July last year, the deflation rate hit a high ...

  6. Exco plea to power firms to cut rises

    Posted Dec 14th 2011, 12:00am

    ... rises are 'excessive' and fear they could accelerate inflation. Hongkong Electric said it had responded to the government's appeal by announcing a 6.3 per cent increase. It would ... CLP could consider following Hongkong Electric's example of delaying the recovery of its fuel costs from consumers. But CLP said its costs, which will rise from HK$4 billion to HK$12 ...

  7. Consumers unfazed by first rise in power rates in a year

    Posted Jul 01st 2006, 12:00am by Staff Reporter

    ... Robin Kwong Beijing yesterday raised retail electricity prices for the first time since May last year, but consumers and analysts said the modest price increase would not have a big, ... As well as allowing power companies to recoup rising fuel costs, the price increases are meant to encourage the development of cleaner electricity supplies and renewable energy. While increases ...

  8. Troubled times

    Posted Nov 24th 2008, 12:00am by Staff Reporter

    ... Falling fuel and electricity costs have led to a drop in inflation. However, could this lead to a new danger, that is, deflation and what action would officials have to take to counter this threat? Write to us. ...

  9. September inflation eases to 2.6pc

    Posted Oct 22nd 2010, 12:00am by Dennis Eng

    ... Dennis Eng Inflation was 2.6 per cent year on year last month, down from 3 per cent in August. The government said the figure was distorted by the final payment of a one-off electricity charge subsidy in August last year. Without the effect of any one-off relief measures, the consumer price index was 2.2 per cent, compared to 1.9 per cent in August, mainly because of rising ...

  10. News - Hong Kong

    Inflation eases in August, food prices slow

    Posted Sep 20th 2012, 07:24pm by Lai Ying-kit

    ... and food, each of which rose 5.2 per cent. Electricity, gas and water came second, with a 3.6 per cent increase; clothing and footwear grew by 2.8 per cent. However, prices of durable goods fell ...




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