Hong Kong Consumer Prices Rise In August

Sep 20, 2007 - Hong Kong consumer prices rose 1.6% in August from last year compared to an increase of 1.5% in July, the Census and Statistics Department said Thursday. Economists expected an annual increase of 1.7% for the month of August. The increase was due to higher food prices, which rose to 4.6% in August from the 3.6% growth in July.

During the three months ended August, the consumer price index climbed 1.5% annually. Meanwhile, the index increased 1.7% for the twelve months ended August.