Hong Kong - Inflation
Inflation falls to five-month low in January
Annual inflation fell from 4.9% in December to 4.1% in January. The print undershot the 4.4% that markets had expected and represented the lowest figure in five months. According to the Census and Statistics Department, January’s result was driven by higher prices for electricity, gas and water as well as for housing. A government spokesman explained that, “the visible moderation in the year-on-year rate of Composite CPI inflation was also partly due to the difference in timing of the Lunar New Year, which fell in mid-February this year, but in late January last year.”
Consumer prices increased 0.1% over the previous month in seasonally-adjusted terms in January, which followed the 0.5% increase recorded in the previous month. Meanwhile, annual average variation in consumer prices stabilized at the previous month’s 4.4% in January.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.4% 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||1.52||-2.69 %||Feb 26|
|Exchange Rate||7.75||-0.03 %||Feb 26|
|Stock Market||24,902||0.50 %||Feb 26|
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February 25, 2015
In the fourth quarter, the economy expanded 2.2% over the same quarter of the previous year, which undershot the 2.7% increase tallied in Q3.
February 23, 2015
Annual inflation fell from 4.9% in December to 4.1% in January.
February 4, 2015
The HSBC Purchasing Managers’ Index (PMI) fell from 50.3 in December to 49.4 in January.
February 2, 2015
In December, retail sales fell 1.3% over the same month of the previous year, which contrasted the revised 7.6% increase tallied in November (previously reported: +7.5% year-on-year).
January 22, 2015
Annual inflation inched down from 5.1% in November to 4.9% in December.