Annual inflation rate in Hong Kong jumped to 1.9% in January of 2021, the first rise in CPI in 7 months. The increase was mainly due to a low base of comparison from the Government's payment of public housing rentals and waiver of two-thirds of rent for tenants in January last year. Netting out the effects of all Government's one-off relief measures, the year-on-year rate of change in CPI was -0.5%. Main price increases were seen in electricity, gas and water (19.1%); housing (6.1%); alcoholic drinks and tobacco (2.5%) as well as miscellaneous goods (0.8%) while falls were recorded for transport (-3.1%); clothing and footwear (-2.6%); durable goods (-1.8%); meals bought away from home (-0.8%); food (excluding meals bought away from home) (-0.3%) and miscellaneous services (-0.2%). source: Census and Statistics Department, Hong Kong
Inflation Rate in Hong Kong averaged 4.20 percent from 1981 until 2021, reaching an all time high of 16 percent in October of 1981 and a record low of -6.10 percent in August of 1999. This page provides the latest reported value for - Hong Kong Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Hong Kong is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Hong Kong to stand at 2.50 in 12 months time. In the long-term, the Hong Kong Inflation Rate is projected to trend around 2.40 percent in 2022, according to our econometric models.