Hong Kong's August overall consumer prices rose 1.7% YoY, underlying inflation 1.9%
Hong Kong's overall consumer prices rose by 1.7% year-on-year in August, matching July's figure. The underlying inflation rate, which excludes one-off government relief measures, also remained unchanged at 1.9% year-on-year. A government spokesman noted that while fuel-related inflation remained high, other price pressures were largely contained, keeping overall inflation moderate. Looking ahead, the spokesman expects consumer price inflation to remain under upward pressure due to elevated international oil prices and Middle East tensions, but overall inflation should stay moderate as other price pressures are contained.
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