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

2009   2010   2011   2012   2013  
Inflation Rate (CPI, annual variation in %)0.6  2.3  5.3  4.1  4.3  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Hong Kong Inflation Chart

Hong Kong Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.

Hong Kong Facts

Value Change Date
Bond Yield1.52-2.69 %Feb 26
Exchange Rate7.75-0.03 %Feb 26
Stock Market24,9020.50 %Feb 26

Sample Report

See all the data and analysis available in each of our Regional and Country reports.


Economic News

Search form