Hong Kong Inflation

Hong Kong

Hong Kong: Inflation rises in October

November 23, 2015

Inflation rose from September’s 2.0% to 2.4% in October. The result was in line with market expectations. A government spokesman commented that, “the slightly higher consumer price inflation in October mainly reflected the dissipation of the special fuel rebate in electricity during the month. [...] Looking ahead, inflation should remain contained in the near term given the receding external price pressures and modest growth pace of the local economy.”

Consumer prices rose 1.7% in October over the previous month in seasonally-adjusted terms, which was significantly above September’s 0.2% increase and marked a multi-year high. Meanwhile, annual average inflation inched down from September’s 3.7% to 3.5% in October.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel expects inflation at 2.9%, which is down 0.3 percentage points from last month’s estimate.


Author:, Economist

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Hong Kong Inflation Chart


Hong Kong Inflation October 2015

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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