Hong Kong August Inflation Decelerated Amid Weaker Commodity, Import Prices

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The FINANCIAL — Hong Kong’s composite consumer-price index in August rose 2.4% from a year earlier, easing from the previous month amid weaker import and commodity prices, the Census and Statistics Department said on September 21, according to Nasdaq.

August’s CPI rise was slightly lower than July’s 2.5% increase, and below the median 2.7% rise forecast by four economists surveyed earlier by The Wall Street Journal.

The Hong Kong government said in its most recent forecast earlier in August that headline CPI will likely rise 3.1% this year, compared with the 4.4% increase in 2014.

 

 

 

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