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  • November 27, 2014
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  1. News - Hong Kong - POVERTY

    City's poor spend more on food

    Posted Dec 04th 2012, 12:00am by Colleen Lee

    ... Colleen Lee colleen.lee@scmp.com Poor spend 51pc of income on food The city's poorest spend more of their income on food than a decade ago as inflation continues to push prices ... of their average HK$5,181 a month spending went towards food in 2009-10, up 8.8 percentage points compared with 10 years earlier. That means each member in those families spent about HK$29.60 on meals ...

  2. Business - Comment - MONITOR TOM HOLLAND

    Blame greed, not the yuan, for Hong Kong's food price rises

    Posted Nov 07th 2012, 12:00am by Tom Holland

    ... for Hong Kong's food price rises "Stronger yuan to bring Hong Kong higher food prices", warned a headline in last Saturday's South China Morning Post. The article that followed ... that the yuan's appreciation would drive up food price inflation here in Hong Kong. It sounds like a reasonable argument. After all, the city imports much of its food from the mainland. ...

  3. Business - Money

    Stronger yuan to bring Hong Kong higher food prices

    Posted Nov 03rd 2012, 12:00am by Celine Sun, Charlotte So, Lulu Chen, Denise Tsang

    ... for rising food and petrol prices, and the number of mainland tourists, as the effects of the yuan hitting a 19-year high spills over into Hong Kong. Inflationary risks are ballooning in the city, ... noodles and tinned food are also vulnerable to inflation. "We cannot adjust prices overnight but will give a few months' lead time to supermarkets about raising prices," said Lee ...

  4. News - Hong Kong

    Inflation eases in August, food prices slow

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

    ... Lai Ying-kit Hong Kong’s inflation eased to 3.7 per cent in August as increases in private housing rentals and food prices slowed down, the Census and Statistics Department said ... 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 ...

  5. Food stability key to inflation control

    Posted Mar 10th 2012, 12:00am

    ... proactive measures to boost the cultivation of genetically modified (GM) crops to ensure there was stable food production. 'China is a big producer and consumer of agricultural products. ...

  6. Record crop yields likely to stem food inflation

    Posted Dec 03rd 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The mainland's grain output rose 4.5 per cent this year to a record 571.21 million tonnes, with corn output beating expectations, the National Bureau of Statistics said. The bumper harvest will help ease infl ...

  7. Hundreds flock to inflation-beating fair

    Posted Mar 30th 2011, 12:00am by Elaine Yau

    ... 10, and Sha Tin, from April 12 to 17. The 40 stalls in Fanling offered household goods- appliances, food, toys and toiletries- at discount. Cheung Kam-shing, project manager ... the grass-roots people.' Jason Au-yeung, owner of a stall selling food for distributors Wing Sang Cheong, said nearly all the goods were sold out by midday. Six packs of Korean noodles went for HK$10 ...

  8. Rents, food drive inflation to 6.3pc

    Posted Sep 23rd 2011, 12:00am

    ... rate in August was 6.3 per cent, showing that inflationary pressure remained strong. An economist yesterday warned that higher rents and food prices would continue to drive up inflation, but he ... 'Private housing rentals and food prices remained the two major contributory factors,' the spokesman said. The latest inflation rate announcement came after the introduction of 'Operation ...

  9. Inflation slows but food still sizzling

    Posted Sep 10th 2011, 12:00am

    ... still up 45.5 per cent, while cooking oil rose 17 per cent and the cost of eggs gained 16.3 per cent. Overall, the food category was up 13.4 per cent. 'The momentum for strong inflation ... slackening world demand. The CPI rose 0.3 per cent last month from July, mainly driven by food and housing costs. The producer price index gained 7.3 per cent year on year, slower than the 7.5 per ...

  10. Consumers still confident but rising food prices are a worry, survey shows

    Posted Aug 17th 2011, 12:00am

    ... of this year. That was the latest finding by the Nielsen global online survey, which scores views from 1 to 200, with a score above 100 indicating optimism. Rising food prices have become people's ... dollar, given the Hong Kong currency's peg to the dollar. 'It makes it more expensive to import our food from China,' said Tso, who was not involved in Nielsen's research. Hong ...




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