Hong Kong annual inflation slowed more than expected in June, the Census and Statistics Department said Monday.
Overall consumer prices rose 3.7 percent in June from the same month a year earlier, smaller than the 4.3 percent increase in May. The rate was slightly below the expected 3.8 percent.
Netting out the effects of all government's one-off relief measures, underlying inflation came in at 4.5 percent annually, down from the 5.1 percent in May, mainly due to the smaller increases in private housing rentals.
"While the slower increases in food prices and private housing rentals made the largest contributions to the easing of inflation, most of the other major components of the Composite CPI also saw weaker price pressures," a government spokesman said.
by RTT Staff Writer
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