Inflation hit 2.1 percent in April
Official data released on Monday showed that the inflation rate in Hong Kong rose to 2.1 percent in April. Netting out the government’s one-off relief measures, the Census and Statistics Department said the underlying inflation rate last month was 1.8 percent, slightly higher than the March reading of 1.7 percent.  In a statement, a government spokesman said the steepest price hike was recorded for alcoholic drinks and tobacco, which increased by more than 18 percent on the same period a year ago. This was followed by electricity, gas, and water, which spiked 17.8 percent. A government spokesman said the prices of energy-related items have continued to surge, while prices for clothing, footwear, meals out, and takeaway food have also gone up substantially.  "Looking ahead, domestic cost pressures may increase alongside the economic recovery. External price pressures should see some moderation, but they are likely to remain notable for some time," he said.