Hong Kong’s consumer price inflation held steady in August, after accelerating in the previous two months, data released by the Census and Statistics Department showed on Thursday.
Consumer prices rose at a stable rate of 1.9 percent year-over-year in August. That was in line with economists’ forecast.
The overall price increase was largely driven by a 15.2 percent surge in charges for electricity, gas, and water. Food prices alone grew 3.8 percent from last year.
