Hong Kong - Inflation
Inflation slows to four-month low in December
Annual inflation inched down from 5.1% in November to 4.9% in December. The reading remained above the 4.7% that markets had expected. According to the Census and Statistics Department, December’s result was driven by higher prices for electricity, gas and water as well as for housing. A government spokesman explained that, “inflation eased further in December, mainly reflecting the benign global inflation, with slower year-on-year increases in food prices and enlarged declines in the prices of clothing and footwear, durable goods as well as motor fuel.”
Consumer prices increased 0.5% over the previous month in seasonally-adjusted terms in December, which followed the 1.6% increase recorded in the previous month. Meanwhile, in the full year 2014, inflation rose to 4.4% from 4.3% in 2013 and represented the highest reading in three years.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.5% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects annual average inflation to moderate to 3.2%.
Hong Kong - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.6||2.3||5.3||4.1||4.3|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Inflation Chart
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.
Hong Kong Facts
|Bond Yield||1.56||7.28 %||Jan 22|
|Exchange Rate||7.75||0.03 %||Jan 22|
|Stock Market||24,523||0.70 %||Jan 22|
See all the data and analysis available in each of our Regional and Country reports.
January 22, 2015
Annual inflation inched down from 5.1% in November to 4.9% in December.
January 6, 2015
The HSBC Purchasing Managers’ Index (PMI) increased from 48.8 in November to 50.3 in December.
December 30, 2014
In November, retail sales rose 7.5% over the same month of the previous year, which was well above the 4.3% increase tallied in October.
December 29, 2014
Annual inflation inched down from 5.2% in October to 5.1% in November.
December 1, 2014
In October, retail sales rose 4.3% over the same month last year, which was down from the 6.6% increase tallied in September.