Latest reading: Consumer prices increased 31.3% in annual terms in October, following a 31.8% rise in the previous month. The...
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 2014 to 2025.
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 stabilizes in September from August
Latest reading: Consumer prices rose 1.1% on a year-on-year basis in September, unchanged from the prior month's reading. As such, inflation remains well below the global average, kept in check by mainland China’s huge manufacturing capacity and still-subdued private spending. Lastly, consumer prices increased 0.09% in September in month-on-month terms, stable from the previous month's reading.
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 26 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.
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