Hong Kong's composite consumer price index in November rose 1.2% from a year earlier as rises in food, alcohol and tobacco prices outweighed falls in clothing and durable-goods prices, the Census and Statistics Department said Tuesday.
November's CPI increase matched October's gain. Economists surveyed by The Wall Street Journal had also forecast consumer inflation at 1.2% in November.
"Looking ahead, inflation risks should remain contained in the near term, given the still-low global inflation and moderate rises in local costs," a government spokesman said in a statement. The government will closely monitor any inflation impact on lower-income groups, the spokesman added.
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December 20, 2016 03:58 ET (08:58 GMT)
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