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1.8% inflation in October

Overall consumer prices rose 1.8% in October year-on-year, smaller than the 4.4% increase in September, the Census & Statistics Department announced today.   Netting out the effects of the Government's one-off relief measures, the underlying inflation rate was 1.7%, slightly less than September's 1.8%.   Compared with October last year, price increases were recorded for electricity, gas and water; clothing and footwear; meals out and takeaway food; basic food; alcoholic drinks and tobacco; transport; miscellaneous services, miscellaneous goods and housing.   On the other hand, a year-on-year decrease in price was recorded for durable goods.    The Government said that underlying consumer price inflation remained moderate in October.   The year-on-year increase in food prices showed some moderation, though remained relatively fast. Prices of clothing and footwear continued to record a visible increase, while those of energy-related items rose sharply. Price pressur

CE visits HKUST

Chief Executive Carrie Lam today visited scientific research facilities at the Hong Kong University of Science & Technology (HKUST) to learn more about the institution's research projects.   Mrs Lam was briefed by the university’s research teams on projects that fight the COVID-19 epidemic and enhance public health.   These include a multilevel antimicrobial polymer coating, an automated geo-fencing technology used in the StayHomeSafe mobile application for home quarantine monitoring as well as a COVID-19 portable detection device and a polymer nanomembrane for producing transparent and breathable face masks.   Mrs Lam then toured the Aerodynamics & Acoustics Facility, where the research team has conducted wind resistance tests for the Hong Kong cycling team and developed low-resistance suits and gear for the cyclists to enhance their performance.   She also visited the Cheng Kar-Shun Robotics Institute and viewed a demonstration of an autonomous delivery vehicle.   The Chief Executive said that while HKUST is an education institution with only 30 years of history, it has achieved remarkable results.   “As a world-class research university, HKUST's teachers and students give full play to their creativity and are committed to scientific research, demonstrating excellence in delivering research achievements, application of technology and commercialisation.”   The university has set up research and development platforms in Guangzhou, Shenzhen and Foshan to collaborate with relevant institutions over the years. With the Ministry of Education’s approval for the establishment of HKUST (Guangzhou) in Nansha, preparatory work has been carried out at full steam with the first building topped out earlier.   “I hope that HKUST (Guangzhou) will leverage its advantages and nurture high-end talent for the Guangdong-Hong Kong-Macao Greater Bay Area to contribute to the country and Hong Kong,” Mrs Lam added.   The Chief Executive noted that she had visited the eight universities funded by the University Grants Committee in the past month and received briefings by their senior management and connected with the students.   “The Hong Kong Special Administrative Region Government will continue to support the development of universities and join hands with them to enhance the care and guidance for students, as well as instil in them a sense of national identity, an affection for Hong Kong, an international perspective and social responsibility to contribute to the city and the country.”
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