(MENAFN) Hong Kong's inflation indicator fell to 3.3 percent in July from 3.4 percent a month ago, mainly due to the smaller increases in private housing rentals, Xinhua reported.
The Composite CPI in July rose 4.0 percent from a year ago, compare with the 3.6 percent in June as some households had used up the full amount of the government's one-off electricity charge subsidy.
A government spokesman said underlying inflation continued an easing trend in July, due to the slower annual increases in private housing rentals and the modest rises in import prices.
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