Hong Kong Inflation August 2021

Hong Kong

Hong Kong: Inflation moderates in August

September 21, 2021

Consumer prices fell a seasonally-adjusted 0.10% in August over the previous month, mirroring July's reading. Looking at the details of the release, prices for housing fell in August and prices for transportation grew at a slower rate.

Inflation came in at 1.6% in August, down from July’s 3.8%. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 0.6% in August (July: 0.4%).

FocusEconomics Consensus Forecast panelists forecast inflation to average 1.8% in 2021, which is from last month’s projection, and 2.0% in 2022.


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Hong Kong Inflation Chart

Hong Kong Inflation August 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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