Hong Kong Inflation November 2021

Hong Kong

Hong Kong: Inflation rises in November

December 21, 2021

Consumer prices increased a seasonally-adjusted 0.20% in November over the previous month, matching October's reading. Looking at the details of the release, the change in the prices for housing was largely stable in November, although prices for transportation rose at a slower pace. Meanwhile, utilities price growth softened.

Inflation came in at 1.9% in November, up from October’s 1.8%. Annual average inflation rose to 1.3% in November (October: 1.1%).

FocusEconomics Consensus Forecast panelists forecast inflation to average 2.0% in 2022, which is up 0.1 percentage points from last month’s projection, and 2.1% in 2023.


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Hong Kong Inflation Chart

Hong Kong Inflation November 2021 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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