Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Sunday, Jun 16, 2024

Consumer watchdog says grocery price hike unrelated to distribution of consumption vouchers

Consumer watchdog says grocery price hike unrelated to distribution of consumption vouchers

The head of the Consumer Council said on Tuesday that the city’s grocery price hike has nothing to do with the consumption vouchers, with the cause for the increase contributed by the pandemic.
A study released by the council yesterday found that grocery prices surged 2.1 percent in 2022 - the biggest increase since 2013 and beating the inflation rate.

Canned goods rose a staggering 30 percent in the first three months of the year compared to pre-pandemic levels in 2019, the Consumer Council said.

Speaking on a radio program this morning, Consumer Council Chief Executive Gilly Wong Fug-han said the pandemic had impacted the price of groceries, but she expected that the price would roll back within this year as the city returns to normalcy.

The study conducted by the watchdog studied prices of 260 items in 54 categories from three supermarket chains, finding that prices of more than 70 percent of goods - or 175 items - shot up. Butter increased by 15.4 percent, tea bags by 11.7 percent, cheese by 10.2 percent, and edible oil by 10.1 percent.

Wong explained that the war in Ukraine has a lot to do with the price hike in edible oil, which the country is a major exporter of sunflower oil. The pandemic also brought a halt to the transportation of goods and further affected the price.

Meanwhile, she said the council had not found a direct correlation between the consumption vouchers and the groceries price hike in the previous phases of the consumption voucher scheme.

She said prices only increase as the pandemic intensified, adding that consumers should always compare deals at different supermarket chains, saving up to 10% when buying groceries.

The watchdog hoped that with the city returns to normalcy, along with the cost of raw materials, transportation, and labor stabilizing, the groceries prices would eventually roll back to normal levels.

Related Articles

Hong Kong News
It's always the people with the dirty hands pointing their fingers
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Steve Jobs' Son Launches Venture Capital Firm With $200 Million For Cancer Treatments
Google reshuffles Assistant unit, lays off some staffers, to 'supercharge' products with A.I.
End of Viagra? FDA approved a gel against erectile dysfunction
UK sanctions Russians judges over dual British national Kara-Murza's trial
US restricts visa-free travel for Hungarian passport holders because of security concerns
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Political leader from South Africa, Julius Malema, led violent racist chants at a massive rally on Saturday
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
'I am not your servant': IndiGo crew member, passenger get into row over airline meal
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Spanish Citizenship Granted to Iranian chess player who removed hijab
US Senate Republican Mitch McConnell freezes up, leaves press conference
Speaker McCarthy says the United States House of Representatives is getting ready to impeach Joe Biden.
San Francisco car crash
This camera man is a genius
3D ad in front of Burj Khalifa
Next level gaming
BMW driver…
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.