Latest reading: Consumer prices rose 8.8% on a year-on-year basis in August, following a 9.3% rise in the previous month....
Inflation in Hong Kong
Consumer price inflation in Hong Kong averaged 2.2% in the ten years to 2024, in line with the East & South Asia regional average of 2.5%. The 2024 average figure was 1.7%. For more information on inflation, visit our dedicated page.
Hong Kong Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Hong Kong from 2014 to 2025.
Source: Macrobond.
Hong Kong Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 1.6 | 1.9 | 2.1 | 1.7 | 1.4 |
| Inflation (CPI, ann. var. %, eop) | 2.4 | 2.0 | 2.4 | 1.4 | 1.5 |
| Inflation (PPI, ann. var. %, aop) | 1.2 | 0.8 | 1.6 | 2.9 | 6.5 |
Inflation slows in July from the prior month
Latest reading: Consumer prices rose 1.7% in annual terms in July, following a 1.9% increase in the previous month. Relative to the prior month's figures, there were milder price pressures for transportation (+5.0% in annual terms vs +5.3% in June) and housing (+0.1% vs +1.1% in June). In contrast, there were higher price pressures for food and non-alcoholic beverages (+0.5% vs +0.4% in June) and electricity, gas and water (+10.8% vs +9.2% in June). Finally, the change in clothing and footwear prices was the same as in the prior month (+0.7% in July and June). Finally, consumer prices increased 0.27% in July in month-on-month terms, following a flat reading in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hong Kong inflation projections for the next ten years from a panel of 30 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Hong Kong inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hong Kong inflation projections.
Want to get access to the full dataset of Hong Kong inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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