Inflation in Hong Kong

Hong Kong Inflation (eop) | Economic News & Forecasts

Hong Kong - Inflation (end of period)

Inflation eases in September

Consumer prices fell a seasonally-adjusted 0.70% in September over the previous month, after falling 0.10% in August. Looking at the details of the release, prices for housing fell at a steep pace in September, while prices for transportation and alcoholic beverages also decreased relative to August.

Inflation came in at 1.4% in September, down from August’s 1.6%. Meanwhile, the trend pointed up, with annual average inflation coming in at 0.9% in September (August: 0.6%).

Commenting on the inflation outlook for next year, analysts at the EIU noted:

“Consumer price inflation will pick up to 2.1% in annual average terms in 2022, from 1.6% in 2021, as steep global commodity price increases from the year before feed through into retail prices. There will be only modest inflationary pressure from other sources. In particular, private residential rents (accounting for nearly a third of the index) will stagnate at best in annual average terms, following a period of outright deflation in 2021.”

FocusEconomics Consensus Forecast panelists forecast inflation to average 1.8% in 2021, which is from last month’s projection, and 2.0% in 2022.

Hong Kong - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)2.3  1.2  1.7  2.6  2.9  

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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

Value Change Date
Bond Yield1.823.38 %Dec 31
Exchange Rate7.79-0.11 %Jan 01

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