Inflation in Hong Kong
Hong Kong - Inflation
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”.
FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2019, which is unchanged from last month’s forecast. The panel expects inflation to average 2.2% in 2020.
Hong Kong - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.3||4.4||3.0||2.4||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Inflation Chart
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.
Hong Kong Facts
|Bond Yield||1.77||3.38 %||Mar 11|
|Exchange Rate||7.85||-0.11 %||Mar 11|
|Stock Market||28,503||-1.92 %||Mar 11|
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March 5, 2019
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