Inflation in Hong Kong
Hong Kong - Inflation (end of period)
Inflation inches down in May
Inflation declined slightly to 2.8% in May, from 2.9% in April. When accounting for the effects of one-off government relief measures, inflation also came in at 2.8%, down from 2.9% in April. The print was primarily driven by a decrease in transport prices as well as moderating price pressures for holiday package tours.
For the March–May period, the average of the month-on-month variation in consumer prices was 0.3% in seasonally-adjusted terms, down from 0.4% in the three-month period ending in April.
Regarding the inflation outlook, a government spokesperson noted that:
“Looking ahead, inflation will likely remain moderate in the near term, in tandem with the easing in fresh-letting residential rentals earlier on and in external price pressures.”
FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2019, which is up 0.1 percentage points from last month’s forecast. The panel expects inflation to average 2.2% in 2020.
Hong Kong - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Inflation (eop) Chart
Source: Census and Statistics Department Hong Kong and FocusEconomics calculations.
Hong Kong Facts
|Bond Yield||1.63||3.38 %||Jul 11|
|Exchange Rate||7.82||-0.11 %||Jul 11|
|Stock Market||28,432||-1.92 %||Jul 11|
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July 4, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 46.9 in May, the lowest reading since June 2016, to 47.9 in June.
July 2, 2019
Retail sales by volume fell 1.7% year-on-year in May, which was however an improvement from the 5.0% contraction logged in April.
June 21, 2019
Inflation declined slightly to 2.8% in May, from 2.9% in April.
June 5, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, fell from 48.4 in April to 46.9 in May, the lowest reading since June 2016.
May 31, 2019
Retail sales by volume fell 5.0% year-on-year in April, worsening from the 0.8% contraction logged in March.