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Hong Kong consumer prices up 2.4 pct in August

Xinhua, September 21, 2015 Adjust font size:

Hong Kong's Consumer Price Index (CPI) rose 2.4 percent in August, compared with 2.5 percent in July, the Census and Statistics Department said Monday.

Netting out the effects of all government's one-off relief measures, the year-on-year rate of increase in the Composite CPI in August remained virtually unchanged at 2.6 percent, the department said.

A government spokesman said that inflationary pressures held largely stable in August. Looking ahead, the upside risks to inflation should remain limited in the near term, in view of the soft international commodity prices and import prices as well as the moderate local cost pressures.

The government will continue to monitor the inflation developments closely, particularly its impact on the lower-income people, the spokesman added. Endi