Hong Kong inflation rose as expected in May, data from the Census and Statistics Department showed Monday.
The composite consumer price index climbed 3 percent in May from last year, faster than the 2.8 percent increase seen in April. The annual rate came in line with expectations.
The 2.8 percent inflation seen in April was the slowest since July 2012.
Netting out the effects of all government's one-off relief measures, underlying inflation rose to 2.6 percent in May from 2.4 percent in April mainly due to the increases in the prices of fresh vegetables.
A government spokesman said, looking ahead, given the mild imported inflation and modest growth pace of the local economy, the upside risks to inflation should be limited in the near term.
The government will continue to monitor the inflation developments closely, particularly its impact on the lower-income people.
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