Inflation in Hong Kong

Hong Kong Inflation | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)4.3  4.4  3.0  2.4  1.5  

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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

Bond Yield1.773.38 %Mar 11
Exchange Rate7.85-0.11 %Mar 11
Stock Market28,503-1.92 %Mar 11

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