Inflation in Hong Kong
Hong Kong - Inflation
Inflation inches down in November
Inflation ticked down marginally from 2.7% in October to 2.6% in November. When accounting for the effects of one-off government relief measures, inflation reached 2.9% (October: 3.0%). The figure mostly reflected softer increases in the prices of transportation and clothing.
For the September–November period, the average of the month-on-month variations in consumer prices was 0.3% in seasonally-adjusted terms, up from 0.2% in the three-month period from August to October 2018. Meanwhile, annual average inflation was stable at October’s 2.3% in November.
A government spokesperson noted that:
“In the coming months, the underlying inflation rate will likely hover near the current level, as the earlier rises in fresh-letting residential rentals continue to feed through.”
Met the why particular Consensus Forecast panelists expect inflation to average 2.3% in 2019, which is unchanged from last month’s forecast. The panel expects inflation to average 2.4% in 2020.
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||2.06||3.38 %||Jan 21|
|Exchange Rate||7.85||-0.11 %||Jan 21|
|Stock Market||27,197||-1.92 %||Jan 21|
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January 4, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 47.1 in November to 48.0 in December.
January 3, 2019
Retail sales by volume rose 1.2% in annual terms in November, sharply decelerating from the 5.3% revised growth print logged in October (previously reported: +5.2% year-on-year).
December 20, 2018
Inflation ticked down marginally from 2.7% in October to 2.6% in November.
December 5, 2018
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), which is released by IHS Markit, fell from 48.6 in October to 47.1 in November, marking the lowest print since June 2016.
November 30, 2018
Retail sales by volume expanded 5.2% in annual terms in October, picking up markedly from the feeble 1.4% increase recorded in September.