Inflation in Hong Kong
Hong Kong - Inflation
Inflation dips in March, trends higher through Q1
Inflation ticked down to 2.6% in March, easing from February’s 3.1% as the Lunar New Year holiday-pricing base effect wore away. Accounting for both January and February (January–February: 2.4%), however, inflation in March ticked higher as charges for package holiday tours rose ahead of the Easter holiday. For their part, food and housing prices rose at broadly similar rates as in February.
For the three-month period from January to March, the average of the month-on-month variations in consumer prices was 0.3% in seasonally-adjusted terms, unchanged from the 0.3% average increase seen in the three months up to February. Meanwhile, annual average inflation edged up from 1.8% in February to 2.0%.
A government spokesperson noted that:
“Looking ahead, external and local price pressures would rise somewhat over the course of 2018 if the above-trend economic growth continues. Yet, the upside risks to inflation should stay largely contained in the near term.”
Hong Kong Inflation Forecast
Met the why particular Consensus Forecast panelists expect inflation to average 2.2% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel expects inflation to average 2.3%.
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||2.34||3.38 %||Jun 14|
|Exchange Rate||7.85||-0.11 %||Jun 14|
|Stock Market||30,411||-1.92 %||Jun 14|
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June 5, 2018
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), which is released by IHS Markit, fell from 49.1 in April to 47.8 in May, the third consecutive decrease in the index and a further indication that the economy has lost traction in the second quarter.
May 31, 2018
Retail sales volumes grew a solid 11.1% annually in April, picking up steam from March’s revised 11.1% expansion (previously reported: +11.0% year-on-year).
May 11, 2018
The economy started 2018 at full throttle, registering impressive 4.7% year-on-year GDP growth in the first quarter, a sizeable acceleration from the 3.4% growth recorded in the previous quarter.
May 4, 2018
In April, the Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, fell from 50.6 in March to 49.1, a clear warning signal that the growth momentum observed in the region in past quarters waned at the start of Q2.
May 3, 2018
Retail sales volumes rose a robust 11.0% in annual terms in March, down from a stellar 28.2% expansion in February, which had largely been due to the seasonal effects of the Lunar New Year holiday—the Lunar New Year was in February this year as opposed to January in the previous year.