Hong Kong's overall consumer prices rose 1.9% in June over the same month a year earlier, slightly smaller than the corresponding increase of 2% in May, according to the Census and Statistics Department.
Netting out the effects of all Government's one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in June was also 1.9%, slightly smaller than May's 2% increase, mainly due to the decreases in the charges for package tours.
A Government spokesman said that consumer price inflation remained moderate and eased slightly in June, as external price pressure stayed low and local costs continued to increase steadily. Looking ahead, the upside risks to inflation should be limited in the near term, considering that these developments are likely to sustain in the coming months.
20/07/2017 16:34
HK CPI rises 1.9% in June versus 2% in May
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