The annual inflation rate in Hong Kong rose to 2% in December 2022 after a steady 1.8% in the past two months and slightly above market forecasts of 1.9%. Prices mainly accelerated for food (3.8% vs 3.5% in November), electricity and utilities (14.7% vs 14.3%), transport (2.7% vs 1.6%), miscellaneous goods (0.5% vs 0.4%) and services (1.9% vs 1.6%). For 2022, the composite CPI was 1.9% higher than the previous year's, while the average underlying consumer price inflation stood at 1.7%. On a monthly basis, consumer prices went up by 0.3%, following a 0.1% increase in November. source: Census and Statistics Department, Hong Kong
Inflation Rate in Hong Kong averaged 4.08 percent from 1981 until 2022, 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 February of 2023.
Inflation Rate in Hong Kong is expected to be 2.00 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.