The annual inflation rate in Hong Kong accelerated to 2.1% in April 2023, after steadying at 1.7% in the previous two months and was almost in line with market forecasts of 2%. Main upward pressures came from food (2.6% vs 1.6% in March), housing (0.5% vs -0.2%) and clothing & footwear (6.4% vs 6.3%). On the other hand, prices notably slowed for transport (2.2% vs 2.8%) and electricity & utilities (17.8% vs 19.9%). Meanwhile, the underlying inflation rate increased 1.8% year-on-year, slightly up from 1.7% in March. On a monthly basis, consumer prices rose 0.2%, the same pace as in the prior period. source: Census and Statistics Department, Hong Kong
Inflation Rate in Hong Kong averaged 4.06 percent from 1981 until 2023, reaching an all time high of 16.00 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 June of 2023.
Inflation Rate in Hong Kong is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Inflation Rate is projected to trend around 2.20 percent in 2024 and 2.10 percent in 2025, according to our econometric models.