The annual inflation rate in Hong Kong hit 1.7 percent in March of 2022, quickening from 1.6 percent in the previous month but slightly missing market expectations of 1.8 percent. It was the highest inflation rate since last December, mainly due to steeper increases in prices of basic food, in particular fresh vegetables. The underlying inflation rate was also 1.7 percent, also faster than a 1.6 percent advance in February. Among CPI components, prices rose the most for basic food (7.6 percent); transport (4.9 percent); clothing & footwear (4.3 percent); meals bought away from home (2.7 percent); and durable goods (1.1 percent). On a monthly basis, consumer prices went up 0.2 percent, slowing significantly from a 0.8 percent advance in February. source: Census and Statistics Department, Hong Kong
Inflation Rate in Hong Kong averaged 4.12 percent from 1981 until 2022, 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 May of 2022.
Inflation Rate in Hong Kong is expected to be 2.50 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 1.10 percent in 2023 and 0.80 percent in 2024, according to our econometric models.