Producer Prices in Hong Kong

Hong Kong Producer Prices | Economic News & Forecasts

Hong Kong - Producer Prices

Inflation falls to lowest level since March 2017 in June

Consumer prices were unchanged in June over the last month, matching the flat result seen in May. Looking at the details of the release, prices for housing increased at a softer rate in June, while price pressures for transportation dropped at a faster pace. Conversely, utilities prices rose in the month.

Inflation came in at 0.7% in June, which was down from May’s 1.5% print. June's reading represented the weakest inflation rate since March 2017. Annual average inflation fell to 2.4% in June (May: 2.6%).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2020, which is down 0.1 percentage points from the previous month’s forecasts. In 2021, our panel expects inflation to average 1.9%.

Hong Kong - Producer Prices Data

2015   2016   2017   2018   2019  
Inflation (PPI, annual variation in %)-2.8  1.3  3.8  2.0  1.0  

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