Cost of food in Hong Kong increased 6.10 percent in December of 2019 over the same month in the previous year. Food Inflation in Hong Kong averaged 4.04 percent from 2009 until 2019, reaching an all time high of 8.20 percent in November of 2011 and a record low of -0.60 percent in November of 2009. source: Census and Statistics Department, Hong Kong
Food Inflation in Hong Kong is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Hong Kong to stand at 3.70 in 12 months time. In the long-term, the Hong Kong Food Inflation is projected to trend around 4.20 percent in 2020, according to our econometric models.