Hong Kong Inflation April 2020

Hong Kong

Hong Kong: Inflation falls to lowest level since the start of the year in April

May 21, 2020

Inflation came in at 1.8% in April, below March’s 2.3%. April's result represented the lowest inflation rate since January. The decrease was primarily driven by a sharp decline in utility costs and prices for clothing and footwear. When accounting for one-off government relief measures inflation was 2.3% in April, down from 2.6% in March.

For the February–April period, average month-on-month prices were 0.1% in April up slightly from the steady reading for the previous three-month period ending in March.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2020, which is down 0.2 percentage points from the previous month’s forecasts. In 2021, our panel expects inflation to average 2.2%.


Author:, Economist

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