The FINANCIAL — Hong Kong’s composite consumer price index in July rose 2.5% from a year earlier, easing from the previous month, the Census and Statistics Department said on August 20, according to Nasdaq.
July’s CPI rise was weaker than June’s 3.1% rise and below the median 2.7% rise forecast by four economists surveyed earlier by The Wall Street Journal.
“Looking ahead, given the muted global inflation, soft international commodity prices and moderate local cost pressures, the upside risks to inflation should remain limited in the near term,” a government spokesman said in a statement.
The Hong Kong government said in its most recent forecast earlier this month that headline CPI will likely rise 3.1% this year, compared with the 4.4% increase in 2014.
