Annual inflation rate in Hong Kong edged down to 1.4 percent in January of 2020 from 2.9 percent in the previous month. It was the lowest inflation rate since September of 2017, as prices dropped for housing (-3.0 percent vs 3.0 percent in December); electricity, gas & water (-16.0 percent vs -6.6 percent); durable goods (-2.7 percent vs -2.2 percent) and clothing & footwear (-5.5 percent vs -3.1 percent). On the other hand, cost advanced faster for food (7.4 percent vs 6.1 percent), particularly for meals bought away from home (2.2 percent vs 2.0 percent); transport (1.8 percent vs 1.6 percent); and both miscellaneous services (4.8 percent vs 1.6 percent) and miscellaneous goods (3.6 percent vs 3.4 percent). On a monthly basis, consumer prices dropped 1.6 percent, after increasing 0.3 percent in December.
Inflation Rate in Hong Kong averaged 4.30 percent from 1981 until 2020, 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. source: Census and Statistics Department, Hong Kong
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 2.50 percent in 2021 and 2.40 percent in 2022, according to our econometric models.