Hong Kong Inflation

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Hong Kong: Inflation accelerates slightly in June

July 21, 2015

Inflation inched up from 3.0% in May to 3.1% in June. The result represented the highest increase in three months and was in line with market expectations. According to the Census and Statistics Department, June’s result was mainly affected by higher food prices. A government spokesman explained that, “inflation held largely stable in June. Looking ahead, given the mild imported inflation and modest growth pace of the local economy, consumer price pressures should remain contained in the near term.”

Consumer prices decreased 0.2% in June over the previous month in seasonally-adjusted terms, mirroring May’s reading. Meanwhile, annual average inflation inched down from May’s 4.4% to 4.3% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.2% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects inflation to remain at 3.2%.

Author:, Economist

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Hong Kong Inflation Chart

Hong Kong Inflation June 2015

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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