Hong Kong Inflation

Hong Kong

Hong Kong: Inflation falls to over-three-year low in September

October 22, 2015

Inflation fell from August’s 2.4% to 2.0% in September, which marked the lowest value since July 2012. The result was in line with market expectations. A government spokesman commented that, “consumer price inflation eased in September, mainly because the impact of the upward adjustment of public housing rentals a year earlier by the Housing Authority faded out and the special fuel rebate in electricity was in effect throughout September. The lower food inflation also contributed to the easing trend.”

Consumer prices rose 0.2% in September over the previous month in seasonally-adjusted terms, which contrasted August’s 0.6% decrease. Meanwhile, annual average inflation inched down from August’s 4.1% to 3.7% in September.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects inflation at 2.9%, which is down 0.3 percentage points from last month’s estimate.

Author:, Economist

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Hong Kong Inflation Chart

Hong Kong Inflation September 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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