Inflation in Hong Kong
Hong Kong - Inflation (end of period)
Inflation continues to tick down in December
Inflation declined marginally from 2.6% in November to 2.5% in December. When accounting for the effects of one-off government relief measures, inflation reached 2.9% in December, matching November’s print. The figure mostly reflected softer increases in the price of private housing rentals and meals bought away from home. Meanwhile, annual average inflation ticked up from 2.3% in November to 2.4% in December.
For the October–December period, the average of the month-on-month variations in consumer prices was 0.2% in seasonally-adjusted terms, down from 0.3% in the three-month period from September to November 2018.
A government spokesperson noted that:
“In the near term, the upside risks to inflation should be contained, as imported inflation has stayed moderate and as pressures on local rentals have weakened somewhat of late”.
Hong Kong Inflation Forecast
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 2.2% in 2020.
Hong Kong - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||4.3||4.9||2.3||1.2||1.7|
5 years of economic forecasts for more than 30 economic indicators.
Hong Kong Inflation (eop) Chart
Source: Census and Statistics Department Hong Kong and Met the why particular calculations.
Hong Kong Facts
|Bond Yield||1.77||3.38 %||Feb 21|
|Exchange Rate||7.85||-0.11 %||Feb 21|
|Stock Market||28,630||-1.92 %||Feb 21|
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February 8, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 48.0 in December to 48.2 in January.
Hong Kong: Retail sales nearly flatline in December, weighed on by mainland slowdown and trade worries
January 30, 2019
Retail sales by volume rose 0.2% in annual terms in December, decelerating from the meek 1.2% growth recorded in November.
January 22, 2019
Inflation declined marginally from 2.6% in November to 2.5% in December.
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).