Hong Kong skyline from above

Hong Kong Inflation June 2019

Hong Kong: Inflation jumps in June

Inflation accelerated to 3.3% in June from 2.8% in May. When accounting for the effects of one-off government relief measures, inflation came in at 3.2% in June, also up from 2.8% in May. The print was primarily driven by higher prices for food and housing.

For the April–June period, the average of the month-on-month variation in consumer prices was 0.5% in seasonally-adjusted terms, up from 0.3% in the three-month period ending in May.

Regarding the inflation outlook, a government spokesperson noted: “Looking ahead, while overall price pressures should remain largely contained in view of the earlier easing in fresh-letting residential rentals and modest global inflation, the inflation rate in the near term may hinge on the supply situation and thus prices of fresh pork.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest