Inflation in Hong Kong

Hong Kong Inflation | Economic News & Forecasts

Hong Kong - Inflation

Inflation unchanged in July

Inflation was stable at June’s 3.3% in July. When accounting for the effects of one-off government relief measures, inflation in July was also unchanged at June’s 3.2%. The print was primarily driven by higher prices for food and housing.

For the May-July period, the average of the month-on-month variation in consumer prices was 0.3% in seasonally-adjusted terms, down from 0.5% in the three-month period ending in June.

Commenting on the inflation outlook, a government spokesperson noted: “price pressures should remain largely contained in the near term amid the earlier easing in fresh-letting residential rentals, modest global inflation and subdued local economic conditions. Yet, the inflation rate in the next few months will hinge on the supply situation and thus prices of fresh pork.”

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2019, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to average 2.3% 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

ValueChangeDate
Bond Yield1.043.38 %Sep 04
Exchange Rate7.84-0.11 %Sep 04
Stock Market26,523-1.92 %Sep 04

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