Hong Kong Inflation July 2021

Hong Kong

Hong Kong: Inflation comes in at highest level since August 2016 in July

August 19, 2021

Consumer prices fell a seasonally-adjusted 0.10% over the previous month in July, coming in below June's flat result. July's result marked the sharpest fall in prices since September 2020.

Inflation came in at 3.8% in July, which was up from June’s 0.7%. July's figure represented the highest inflation rate since August 2016. The annual average variation of consumer prices rose to 0.4% in July (June: -0.1%).

FocusEconomics Consensus Forecast panelists forecast inflation to average 1.8% in 2021, which is from last month’s projection, and 2.0% in 2022.


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Hong Kong Inflation Chart

Hong Kong Inflation July 2021

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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