Latest reading: Consumer prices increased 1.3% in annual terms in September, following a 1.6% rise in the previous month. Relative...
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 2025 to 2020.
Source: Macrobond.
Hong Kong Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.3 | 1.6 | 1.9 | 2.1 | 1.7 |
| Inflation (CPI, ann. var. %, eop) | -0.9 | 2.4 | 2.0 | 2.4 | 1.4 |
| Inflation (PPI, ann. var. %, aop) | 2.3 | 1.2 | 0.8 | 1.6 | 2.9 |
Inflation accelerates in August from the prior month but remains mild
Latest reading: Consumer prices were up 1.1% on a year-on-year basis in August, following a 1.0% increase in the prior month. As such, inflation remains well below the global average, kept in check by mainland China’s huge manufacturing capacity and subdued private spending as some Hong Kongers opt to shop on the mainland. Finally, consumer prices increased 0.09% in August on a month-on-month basis, following a 0.55% increase 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 27 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
-
Taiwan: Inflation slows in September from August -
Vietnam: Inflation picks up in September from the prior month Latest reading: Consumer prices increased 3.4% on a year-on-year basis in September, following a 3.2% increase in the previous month.... -
Uruguay: Inflation stabilizes in September from the prior month Latest reading: Consumer prices increased 4.2% in annual terms in September, unchanged from the previous month’s reading. Relative to the... -
Korea: Inflation rises in September from August Latest reading: Consumer prices rose 2.1% on a year-on-year basis in September, following a 1.7% rise in the prior month.... -
Peru: Inflation rises in September Latest reading: Consumer prices rose 1.4% on a year-on-year basis in September, following a 1.1% rise in the previous month.... -
Euro Area: Inflation rises in September from August Latest reading: Harmonized consumer prices increased 2.2% on a year-on-year basis in September, following a 2.0% increase in the previous... -
Poland: Inflation stabilizes in September Latest reading: Consumer prices rose 2.9% in annual terms in September, stable from the previous month’s reading and within the...