Hong Kong skyline from above

Hong Kong Inflation January 2019

Hong Kong: Inflation keeps declining at the outset of 2019

Inflation ticked down from 2.5% in December to 2.4% in January. When accounting for the effects of one-off government relief measures, inflation reached 3.0% in January, up from December’s 2.9% print. The figure mostly reflected an increase in the prices of private housing rentals and meals bought away from home. Meanwhile, annual average inflation ticked up from 2.4% in December to 2.5% in January.

For the November–January period, the average of the month-on-month variations in consumer prices was 0.1% in seasonally-adjusted terms, down from 0.2% in the three-month period from October to December 2018.

Regarding the inflation outlook, agovernment spokesperson noted that:

“In the near term, the upside risks to inflation should remain contained. The recent moderation in fresh-letting residential rentals could have a mitigating effect in the months ahead. The moderating global economic growth and the earlier strengthening of the US dollar vis-à-vis other major currencies should help keep external price pressures in check”.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest