Hong Kong Inflation

Hong Kong

Hong Kong: Inflation increases in February

March 20, 2015

Annual inflation rose from 4.1% in January to 4.6% in February. The print overshot the 4.2% that markets had anticipated. According to the Census and Statistics Department, February’s result was driven by higher prices for electricity, gas and water as well as for housing. A government spokesman explained that, “inflation remained on an easing trend in early 2015. Taking the first two months of 2015 together to neutralise the distortions by the difference in timing of the Lunar New Year between this year and last year, the year-on-year rate of the underlying Composite CPI inflation eased to 2.6% from 3.1% in December 2014.”

Consumer prices increased 0.1% in February over the previous month in seasonally-adjusted terms, which matched the result tallied in January. Meanwhile, annual average variation in consumer prices stabilized in February at the previous month’s 4.4%.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.4% in 2015, which is unchanged from last month’s forecast. For 2016, the panel expects annual average inflation to moderate to 3.2%.

Author:, Economist

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Hong Kong Inflation Chart

Hong Kong Inflation February 2015 0

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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