Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and...
Inflation in Hong Kong
Consumer price inflation in Hong Kong averaged 4.4% in the ten years to 2024, in line with the East & South Asia regional average of 4.4%. The 2024 average figure was 1.7%. For more information on inflation, visit our dedicated page
Hong Kong Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Hong Kong from 2024 to 2020.
Source: Macrobond.
Hong Kong Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.3 | 1.6 | 1.9 | 2.1 | 1.7 |
| Inflation (CPI, ann. var. %, eop) | -0.9 | 2.4 | 2.0 | 2.4 | 1.4 |
| Inflation (PPI, ann. var. %, aop) | 2.3 | 1.2 | 0.8 | 1.6 | 2.9 |
Inflation moderates in May
Latest reading: Inflation fell to 1.9% in May from April’s 2.0%, due to weaker price pressures for food, transport and clothing. The trend pointed up slightly, with annual average inflation coming in at 1.8% in May (April: 1.7%). Finally, consumer prices fell a seasonally adjusted 0.28% in May over the previous month, which was below the 0.09% fall recorded in April. May's result marked the weakest reading since April 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hong Kong inflation projections for the next ten years from a panel of 27 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Hong Kong inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hong Kong inflation projections.
Want to get access to the full dataset of Hong Kong inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
-
Hong Kong: Inflation moderates in May -
Canada: Inflation remains on target in May Latest reading: Inflation came in at 1.7% in May, matching April’s reading and market expectations, and comfortably within the Central... -
Japan: Inflation declines to lowest level since November 2024 in May Latest reading: Inflation ticked down to 3.5% in May, from April’s 3.6%. May’s reading marked the weakest inflation rate since... -
Lithuania: Harmonized inflation dips in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.6%. May’s figure represented the weakest inflation... -
Netherlands: Harmonized inflation falls in May Latest reading: Harmonized inflation came in at 2.9% in May, which was down from April’s 4.1%. May’s reading represented the... -
Estonia: Harmonized inflation rises in May Latest reading: Harmonized inflation increased to 4.6% in May, following April’s 4.4%. The reading was driven by stronger price pressures... -
Austria: Harmonized inflation falls to lowest level since December 2024 in May Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.3%. May’s reading represented the lowest inflation...