Hong Kong August Composite CPI up 4.3% on Year; Above Expectation


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By Chester Yung

HONG KONG--Hong Kong's composite consumer price index in August rose 4.3% from a year earlier, largely due to the lower comparison base last year when the government waived public housing rentals, the Census and Statistics Department said Thursday.

August's CPI rise was higher than July's 2.3% rise, and was above the median 2.6% rise forecast by five economists surveyed earlier by The Wall Street Journal.

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

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