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Financial News: Hong Kong Inflation Steady In July

Hong Kong Inflation Steady In July

08/20/2019 - 07:12:00 (RTTNews)

(RTTNews) - Hong Kong's consumer price inflation remained unchanged in July, data from the Census and Statistics Department showed on Tuesday.

The consumer price index rose 3.3 percent year-on-year in July, which was the same rate as seen in June. Economists had expected a 3.0 percent rise.

Netting out the effects of all government's one-off relief measures, inflation remained unchanged at 3.2 percent in July.

"Overall price pressures should remain largely contained in the near term amid the earlier easing in fresh-letting residential rentals, modest global inflation and subdued local economic conditions," a government spokesman said.

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