The annual inflation rate in Hong Kong rose to 3.5 percent in August 2019 from 3.3 percent in the previous month. It was the highest inflation rate since August 2016, mainly boosted by food and transport prices. Inflation Rate in Hong Kong averaged 4.31 percent from 1981 until 2019, reaching an all time high of 16 percent in October of 1981 and a record low of -6.10 percent in August of 1999.
Inflation Rate in Hong Kong is expected to be 3.10 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 2.80 percent in 2020, according to our econometric models.