Hong Kong's composite consumer-price index rose 2.0% in July from a year earlier partly due to higher prices of clothing, the Census and Statistics Department said Tuesday.
July's CPI rise was slightly higher than June's 1.9% rise, and in line with the median 2.0% rise forecast by five economists surveyed earlier by Dow Jones Newswires.
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Looking ahead, the upside risks to inflation should remain contained in the near term, given the low imported inflation and moderate local cost pressures, a government spokesman said in the statement.
The Hong Kong government said in its most recent forecast earlier this month it expects headline CPI to rise by 1.6% this year, easing from the 2.4% increase in 2016.
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(END) Dow Jones Newswires
August 22, 2017 04:57 ET (08:57 GMT)