Hong Kong June Headline CPI Up 1.9% on Year; Below Expectations

By Chester YungFeaturesDow Jones Newswires

Hong Kong's composite consumer price index in June rose 1.9% from a year ago, easing slightly from May and falling short of forecasts, the Census and Statistics Department said Thursday.

June's gain compared with the previous month's 2.0% increase. It also came in lower than the median 2.1% rise that had been forecast by four economists surveyed by Dow Jones Newswires.

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The upside risks to inflation should be limited in the near term against a backdrop of steadily increasing local costs and low external price pressures, a government spokesman said in a statement.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

July 20, 2017 05:01 ET (09:01 GMT)