Hong Kong Inflation November 2020

Hong Kong

Hong Kong: Consumer prices fall again in November

November 20, 2020

Consumer prices increased a seasonally-adjusted 0.20% over the previous month in November, slowing down from October's 0.90% rise. The cooling of price pressures was primarily driven by slower growth in prices for food. In addition, prices for transportation fell at a sharper pace.

Consumer prices fell 0.2% on an annual basis in November, matching October’s print. November's result represented the fifth consecutive month of falling prices. Annual average inflation fell to 0.6% in November (October: 0.9%).

FocusEconomics Consensus Forecast panelists forecast inflation to average 1.5% in 2021, which is down 0.2 percentage points from last month’s projection, and 2.0% in 2022.


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Hong Kong Inflation Chart

Hong Kong Inflation November 20 20

Note: Year-on-year and annual average variation of consumer price index in %.
Source: Census and Statistics Department Hong Kong and FocusEconomics Consensus Forecast.

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