Hong Kong Inflation November 2018

Hong Kong

Hong Kong: Inflation inches down in November

December 20, 2018

Inflation ticked down marginally from 2.7% in October to 2.6% in November. When accounting for the effects of one-off government relief measures, inflation reached 2.9% (October: 3.0%). The figure mostly reflected softer increases in the prices of transportation and clothing.

For the September–November period, the average of the month-on-month variations in consumer prices was 0.3% in seasonally-adjusted terms, up from 0.2% in the three-month period from August to October 2018. Meanwhile, annual average inflation was stable at October’s 2.3% in November.

A government spokesperson noted that:

“In the coming months, the underlying inflation rate will likely hover near the current level, as the earlier rises in fresh-letting residential rentals continue to feed through.”

FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2019, which is unchanged from last month’s forecast. The panel expects inflation to average 2.4% in 2020.

Author:, Economist

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Hong Kong Inflation Chart

HongKong Inflation November 2018

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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