Inflation in Hong Kong
Hong Kong - Inflation (end of period)
Inflation declines further in February
Inflation fell from 2.4% in January to 2.1% in February. When accounting for the effects of one-off government relief measures, inflation declined to 2.6% in February, down from 3.0% in January. The figure mostly reflected a softer increase in the prices of meals bought away from home and package tours. Meanwhile, annual average inflation ticked down from 2.5% in January to 2.4% in February.
For the December–February period, the average of the month-on-month variation in consumer prices was 0.2% in seasonally-adjusted terms, up from 0.1% in the three-month period from November to January.
Regarding the inflation outlook, a government spokesperson noted that:
“Looking ahead, the upside risks to inflation should remain contained. The earlier moderation in fresh-letting residential rentals could have a mitigating effect in the period ahead, and external price pressures have also stayed moderate recently”.
Met the why particular Consensus Forecast panelists expect inflation to average 2.2% in 2019, which is down 0.1 percentage points from last month’s forecast. The panel expects inflation to average 2.2% again 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||1.91||3.38 %||Jan 30|
|Exchange Rate||7.84||-0.11 %||Jan 30|
|Stock Market||27,643||-1.92 %||Jan 30|
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April 3, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, declined from 48.4 in February to 48.0 in March.
April 1, 2019
Retail sales by volume fell 11.4% in annual terms in February, markedly contrasting January’s 6.9% growth.
March 21, 2019
Inflation fell from 2.4% in January to 2.1% in February.
March 5, 2019
Retail sales by volume rose 6.9% in annual terms in January, rebounding from December’s near flat growth of 0.1%.
March 5, 2019
The Nikkei Hong Kong Purchasing Managers’ Index (PMI), released by IHS Markit, rose from 48.2 in January to 48.4.