Average cost of Hong Kong supermarket goods went up by 1.9% last year, Consumer Council finds
- Prices of confectionery, biscuits and snacks rose by 9.9 per cent in 2023, Consumer Council says
- Eggs also went up in price by 10.6 per cent last year, due to bird flu outbreaks in some countries
But the Consumer Council said in its annual report on grocery prices on Monday that last year’s increase was lower than in 2022 and that the price of some staples had stabilised since the Covid-19 pandemic.
“The price of some supermarket goods showed a gentler rise or even decline, but certain products continued to soar in price due to tight supply chains caused by various factors,” Victor Lam Hoi-cheung, the council’s publicity and community relations committee chairman, said.
“The council reminds supermarket groups to continue to uphold their social responsibility and stay competitive … they ought to carefully consider the necessity and extent of price increases.”
The council, which used electronic scanner information from a basket of 300 products across three major supermarket chains, found that the aggregate average price of goods had gone up by just under 2 per cent.
