By Chester Yung

HONG KONG--Hong Kong's composite consumer price index in October rose 1.2% from a year earlier, easing from the previous month partly due to slower increases in private-housing rental, the Census and Statistics Department said Tuesday.

October's CPI rise was lower than September's 2.7% rise, and was below the median 1.4% rise forecast by five economists surveyed earlier by The Wall Street Journal.

Looking ahead, inflation pressure should remain moderate in the near term, given muted imported inflation and tame local cost pressures, a government spokesman said in a statement.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

November 22, 2016 04:12 ET (09:12 GMT)

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