Hong Kong Inflation September 2016

Hong Kong

Hong Kong: Inflation falls in September

October 20, 2016

Inflation came in at 2.7% in September, which was markedly below August’s 4.3%—the largest reading in 17 months. September’s figure was largely the result of higher prices for food products and housing being partially offset by a decline in prices for durable goods and apparel. A government spokesman suggested that, looking ahead, “inflation risks should remain contained in the near term, given the subdued global inflation as well as moderate local cost pressures.”

For the three-month period from July to September, the average of the month-on-month variations in consumer prices came in at 0.3% in seasonally-adjusted terms, which was above the 0.1% increase recorded in the three months up to August. Meanwhile, annual average inflation was 2.7% in September, which was slightly above August’s 2.6% reading.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2016, which is unchanged from last month’s forecast. For 2017, the panel expects inflation of 1.9%.

Author:, Economist

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Hong Kong Inflation Chart

Hong Kong Inflation September 2016

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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