Grocery Prices Up 2.1 Percent Last Year: Watchdog

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2023-04-17 HKT 13:40

Share this story

facebook

  • Grocery prices up 2.1 percent last year: watchdog

Grocery prices in Hong Kong supermarkets rose 2.1 percent between July 2021 and June last year, the Consumer Council said on Monday.

Some canned food items rose more than 30 percent, it said, as people stocked up fearing there would be pandemic lockdowns.

The council said it looked at the prices of 260 items and compared them to what they had been the year before, finding 70 percent of products became more expensive.

The average 2.1 percent increase was the highest since 2013, it said.

“Whether this trend will go down...if we look at the historical trend, I'm not that optimistic,” said Nora Tam, chairwoman of the council's research and testing committee.

She urged supermarkets to do their best to keep grocery prices down, and encouraged people to shop around.

“All consumers should be a smart consumer. They should actually make good use of the Online Price Watch from the council to compare the price across different supermarkets and retailers, and also visit different stores to check the price in person."

RECENT NEWS

PantherTrade And YAX Secure Hong Kongs First Crypto Licences Of 2025

Securities and Futures Commission (SFC) granted operational Hong Kong crypto licences to two cryptocurrency trading pla... Read more

Digital Payments In Hong Kong Soars But Bank Transfers Lead The Growth In 2024

Digital payments in Hong Kong grew significantly. In 2024, the use of digital payments for online transactions rose 9 p... Read more

Nuvei Acquires Paywiser In Japan To Power Next Ecommerce Growth Wave

Nuvei acquired Paywiser Japan Limited and its license from the Japanese Ministry of Economy, Trade, and Industry on 27 ... Read more

Fraud Prevention Strategies For 2025 To Combat Emerging Digital Threats

In 2025, fraud prevention strategies are non-negotiable. It’s a battle for trust. With cybercrime evolving at breakne... Read more

Alipay Tap! Expands To Macao, Now Accepted At Over 1,000 Merchants

Alipay Tap! in Macao was recently launched, enabling Alipay and Macau Pass to expand their partnership to bring it to m... Read more

ESG Fintech Startups Took The Spotlight At The Asian Financial Forum

Environmental, Social, and Governance (ESG) considerations have become central to global economic discussions and remai... Read more