Hong Kong’s annual inflation rate eased to 0.7 percent in June of 2021, from a four-month high of 1.0 percent in the previous month, reflecting the impact of the Government’s additional provision of electricity charges subsidy in June of last year. Netting out the effects of all Government's one-off relief measures, the year-on-year increase was 0.4 percent, compared to 0.2 percent in May. Main upward pressure came from electricity, gas and water (17.0 percent); clothing and footwear (3.2 percent); transport (2.5 percent); meals bought away from home (1.2 percent); food, excluding meals bought away from home (1.1 percent); and durable goods (0.8 percent). On the other hand, decreases were recorded for miscellaneous goods (-2.9 percent) and housing (-0.7 percent). source: Census and Statistics Department, Hong Kong
Inflation Rate in Hong Kong averaged 4.16 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 July of 2021.
Inflation Rate in Hong Kong is expected to be 4.20 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 1.50 in 12 months time. In the long-term, the Hong Kong Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.