Hong Kong's Consumer Price Index (CPI) rose 1.4 percent in August over a year earlier, slightly larger than July's 1.3 percent rise, the Hong Kong Census & Statistics Department said Friday.

The slightly larger year-on-year increase in the Composite CPI in August over July was mainly attributable to increases in private housing rentals and jewelry prices, the department said, adding that also contributing was the reduced fall in poultry prices.

The department said consumer price inflation rose slightly in August, essentially a continuation of the climb since the beginning of this year in tandem with the full-fledged economic recovery.

Consumer price inflation is expected to rise further, along with the gradual rise in unit labor and rental costs, and with higher oil prices feeding through to the retail level, the department said. But overall inflation pressure is likely to remain relatively modest through to year's end.

Source: Xinhua