Hong Kong - Inflation
Inflation increases in February
Annual inflation rose from 4.1% in January to 4.6% in February. The print overshot the 4.2% that markets had anticipated. According to the Census and Statistics Department, February’s result was driven by higher prices for electricity, gas and water as well as for housing. A government spokesman explained that, “inflation remained on an easing trend in early 2015. Taking the first two months of 2015 together to neutralise the distortions by the difference in timing of the Lunar New Year between this year and last year, the year-on-year rate of the underlying Composite CPI inflation eased to 2.6% from 3.1% in December 2014.”
Consumer prices increased 0.1% in February over the previous month in seasonally-adjusted terms, which matched the result tallied in January. Meanwhile, annual average variation in consumer prices stabilized in February at the previous month’s 4.4%.
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||1.50||0.33 %||Mar 31|
|Exchange Rate||7.75||-0.03 %||Mar 31|
|Stock Market||24,901||0.18 %||Mar 31|
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March 31, 2015
In February, retail sales jumped 18.2% over the same month last year, which contrasted the revised 13.8% decline tallied in January (previously reported: -13.9% year-on-year).
March 20, 2015
Annual inflation rose from 4.1% in January to 4.6% in February.
March 4, 2015
The HSBC Purchasing Managers’ Index (PMI) rose from 49.4 in January to 50.7 in February, which marked the highest reading in one year.
March 3, 2015
In January, retail sales fell 13.9% over the same month last year, which followed the revised 1.4% decline tallied in December (previously reported: -1.3% year-on-year).
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.