Inflation in Hong Kong

Hong Kong Inflation | Economic News & Forecasts

Hong Kong - Inflation

Inflation is stable in May at muted rate

Consumer prices rose a seasonally-adjusted 0.10% in May over the previous month, mirroring April's reading.

Inflation came in at 1.3% in May, matching April’s result. May’s reading is extremely low in the international context. The country’s U.S. dollar peg, which has seen the trade-weighted exchange rate rise this year on a stronger USD, is one factor at play. Government subsidies, and lower rent prices amid emigration, are also weighing on inflation. Meanwhile, the trend was unchanged, with annual average inflation coming in at April's 1.7% in May.

FocusEconomics Consensus Forecast panelists forecast inflation to average 2.4% in 2022, which is unchanged from the previous month’s forecast. In 2023, our panel expects inflation to average 2.3%.

Hong Kong - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)3.0  2.4  1.5  2.4  2.9  

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Hong Kong Inflation Chart


Hong Kong Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.

Hong Kong Facts

Value Change Date
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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