Hong Kong Inflation May 2021

Hong Kong

Hong Kong: Inflation inches up in May

June 22, 2021

Consumer prices rose a seasonally-adjusted 0.20% from the previous month in May, accelerating slightly from April's 0.10% rise. Looking at the details of the release, prices for food and beverages increased at a faster pace, while price for fresh produce fell at a less pronounced pace in May.

Inflation came in at 0.9% in May, which was up from April’s 0.8% increase. Meanwhile, average consumer prices were down 0.7% year-on-year in May, contrasting April’s flat reading.

FocusEconomics Consensus Forecast panelists forecast inflation to average -% in 2021, which is down 0.1 percentage points from last month’s projection, and 1.9% in 2022.


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Hong Kong Inflation May 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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