On Monday, Hong Kong’s consumer watchdog released the results of its annual supermarket price survey for 2022, which showed the biggest price increase since 2013.
The Standard reported on Monday that the survey found that the average total price of a basket of 260 items from the stores surveyed rose by 2.1% compared to 2021, up from a 1.9% increase in the composite consumer price index over the same period.
The Hong Kong Consumer Council said the survey revealed that prices for nearly 70% of goods had risen, and that the top three product groups in terms of increase were “butter,” “tea bags” and “cheese,” while the average total price of many canned food varieties rose by more than 30% during the three years of the coronavirus pandemic.
The Council said the results reflected the high cost of daily necessities such as staples and groceries.
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