Latest reading: Inflation came in at 35.4% in May, which was down from April’s 37.9%. May’s figure marked the lowest...
Inflation in Hong Kong
In the year 2024, the inflation in Hong Kong was 1.73%, compared to 4.42% in 2014 and 2.10% in 2023. It averaged 2.19% over the last decade. For more inflation information, visit our dedicated page.
Hong Kong Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Hong Kong from 2024 to 2020.
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 comes in at highest level since September 2024 in April
Latest reading: Inflation increased to 2.0% in April from March’s 1.4%. April's result marked the highest inflation rate since September 2024 but was still low by global standards, kept in check by mainland China’s huge manufacturing capacity and subdued retail sales as some Hong Kongers opted to shop on the mainland. The rise in inflation in April was linked to changes in government fiscal relief measures and higher travel costs. The trend pointed up slightly, with annual average inflation coming in at 1.7% in April (March: 1.6%). Lastly, consumer prices fell a seasonally adjusted 0.09% from the previous month in April, which was below the flat result logged in March. April's result marked the weakest reading since May 2024.
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 27 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.
Latest Global Inflation News
-
Turkey: Inflation declines to lowest level since November 2021 in May -
Euro Area: Harmonized inflation drops to lowest level since September 2024 in May Latest reading: Harmonized inflation fell to 1.9% in May, slightly below April’s 2.2% and the ECB’s 2.0% target. May’s result... -
Kazakhstan: Inflation rises to a near two-year high in May Latest reading: Inflation climbed to 11.3% in May from April’s 10.7%, marking the highest rate since September 2023. The reading... -
Kenya: Inflation eases and remains below midpoint of target range in May Latest reading: Inflation eased to 3.8% in May from April’s eight-month high of 4.1%. As a result, the reading remained... -
Australia: Inflation remains steady and within target in April Latest reading: Inflation was stable at 2.4% for the third consecutive month in April, slightly above market estimates but remaining... -
Kuwait: Inflation drops to lowest level since September 2020 in April Latest reading: Inflation came in at 2.3% in April, down from March’s 2.4%. April’s reading marked the lowest inflation rate... -
Singapore: Inflation remains at March’s level in April Latest reading: Inflation came in at 0.9% in April, matching March’s reading. April’s figure represented the join-weakest inflation rate since...