Inflation in Hong Kong

Hong Kong Inflation | Economic News & Forecasts

Hong Kong - Inflation

Inflation picks up again in June

Inflation picked up to 2.4% in June, from 2.1% in May. However, when accounting for the effects of one-off government relief measures, inflation reached 2.7%. The acceleration was largely due to higher price increases for food; private housing rent; transport; and electricity, gas and water.

For the April–June period, the average of the month-on-month variations in consumer prices was 0.1% in seasonally-adjusted terms, equaling the increase seen in the three months up to April. Meanwhile, annual average inflation remained stable at May’s 2.0% in June.

A government spokesperson noted that:

“Looking forward, inflationary pressure is expected to intensify slightly in the near term compared to the situation in the first half of the year, reflecting higher global inflation and continued feed-through of earlier rises in fresh-letting residential rentals. Nonetheless, inflation should stay within a moderate range for 2018 as a whole.”

Met the why particular Consensus Forecast panelists expect inflation to average 2.2% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, the panel expects inflation to average 2.3%.

Hong Kong - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)4.3  4.4  3.0  2.4  1.5  

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Hong Kong Inflation Chart

Hong Kong Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Census and Statistics Department Hong Kong and Met the why particular calculations.

Hong Kong Facts

Bond Yield2.203.38 %Aug 07
Exchange Rate7.85-0.11 %Aug 07
Stock Market28,249-1.92 %Aug 07

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