Hong Kong's composite consumer-price index rose at a faster-than-expected clip in April from a year earlier, partly due to higher prices for package tours, the Census and Statistics Department said Tuesday.
The headline CPI rose 2.0% last month, accelerating from March's 0.5% rise. The April figure was above the median 1.5% rise forecast by five economists surveyed by Dow Jones Newswires.
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Commenting on the outlook, a government spokesman said upside risks to inflation should remain contained in the near term amid low imported inflation and moderate domestic-cost pressures.
The Hong Kong government said in its most recent forecast earlier this month that it expects headline CPI to rise by 1.8% this year, moderating from the 2.4% increase in 2016.
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(END) Dow Jones Newswires
May 23, 2017 05:03 ET (09:03 GMT)