Inflation in Hong Kong
Hong Kong - Inflation
Inflation inches down in August
Inflation fell slightly from July’s 2.4% to 2.3% in August. When accounting for the effects of one-off government relief measures, inflation reached 2.6% (July: 2.7%). The print mostly reflected “smaller increase in the charges for package tours and the decrease in inbound and outbound transport fares, which slightly outweighed the faster increase in the private housing rent component”.
For the June–August period, the average of the month-on-month variations in consumer prices was 0.2% in seasonally-adjusted terms, matching the result in the three months up to July. Meanwhile, annual average inflation inched up from 2.0% in July to 2.1% in August.
A government spokesperson noted that:
“Looking ahead, inflationary pressure is expected to increase modestly in the coming months, alongside the gradual rise in global inflation and continued feed-through of earlier rises in fresh-letting residential rentals. Yet, the inflation rate should stay within a moderate range for 2018 as a whole.”
Hong Kong Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to average 2.3% in 2018, which is up 0.1 percentage points from last month’s forecast. The panel also expects inflation to average 2.3% in 2019, which is unchanged from last month’s projection.
Hong Kong - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.3||4.4||3.0||2.4||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Inflation Chart
Source: Census and Statistics Department Hong Kong and Met the why particular calculations.
Hong Kong Facts
|Bond Yield||2.45||3.38 %||Oct 16|
|Exchange Rate||7.84||-0.11 %||Oct 16|
|Stock Market||25,462||-1.92 %||Oct 16|
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October 4, 2018
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), which is released by IHS Markit, fell from 48.5 in August to 47.9 in September.
October 2, 2018
Retail sales volumes expanded 8.1% in annual terms in August, accelerating from July’s six-month low print of 5.9%. The higher print in August largely reflected a rebound of sales volumes for food, alcoholic drinks and tobacco (excluding supermarkets), as well as clothing, footwear and allied products.
September 20, 2018
Inflation fell slightly from July’s 2.4% to 2.3% in August.
September 5, 2018
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), which is released by IHS Markit, inched up from 48.2 in July to 48.5 in August.
August 30, 2018
Retail sales volumes expanded 5.9% in annual terms in July, decelerating from June’s 9.8% increase and marking the weakest reading since February. The slowdown mainly reflected declining sales for food, alcoholic drinks and tobacco as well as for supermarket sales.