Inflation in Hong Kong

Hong Kong Inflation (eop) | Economic News & Forecasts

Hong Kong - Inflation (end of period)

Inflation hits a 40-month high amid pork shortages in August

Inflation increased to 3.5% in August from 3.3% in July. When accounting for the effects of one-off government relief measures, inflation in August ticked up to 3.4% from 3.2% in July. The print was primarily driven by higher prices for food, in part due to rising pork prices as the outbreak of African swine fever has hit supply; housing; and transport.

For the June-August period, the average of the month-on-month seasonally-adjusted variation in consumer prices was 0.4%, up from 0.3% in the three-month period ending in July.

Commenting on the inflation outlook, a government spokesperson noted: “modest global inflation and sluggish local economic growth should continue to help contain overall inflation. Yet, food inflation will probably stay elevated in the near term due to high prices of fresh pork.”

FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2019. Moving to 2020, our panel expects inflation to average 2.3%.

Hong Kong - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)4.3  4.9  2.3  1.2  1.7  

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Hong Kong Inflation (eop) 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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