Hong Kong May Headline Inflation Steady at 2.0%; Below Expectations

By Chester YungFeaturesDow Jones Newswires

Hong Kong's composite consumer-price index rose at a slower-than-expected 2.0% in May from a year earlier amid steady local costs and limited external price pressure, the Census and Statistics Department said Tuesday.

May's CPI rise was the same as April's 2.0% rise, but was below the median 2.2% rise forecast by five economists surveyed earlier by Dow Jones Newswires. A government spokesman said the upside risk to inflation should remain contained in the coming months due to the moderate price pressure.

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The Hong Kong government said in its most recent forecast last month that it expects headline CPI to rise by 1.8% this year, moderating from the 2.4% increase in 2016.

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

(END) Dow Jones Newswires

June 20, 2017 04:58 ET (08:58 GMT)