The inflation in Hong Kong eased in February, as a slowdown in the economy may help to cap price gains in coming months.

The CPI increased by 4.7% from a year earlier, which was less than the expectations of 5.2% and a 6.1% gain in January. Excluding distortions from temporary subsidies, the rate was 5.4 percent, the government said on its website today.

The inflation numbers in Hong Kong are distorted in the first two months of the year by the timing of the Chinese holiday, which fell in January this year and February last year, yet the slowing economy will also help to restrain prices, the government.