The annual inflation rate in Hong Kong fell to 1.9 percent in April 2020 from 2.3 percent in the previous month. Prices eased for transport (0.1 percent vs 1.1 percent in March), due to lower international oil prices; housing (1.8 percent vs 2.6 percent); miscellaneous goods (2.9 percent vs 3.5 percent); miscellaneous services (0.9 percent vs 1.1 percent). In addition, cost declined further for electricity, gas & water (-18.8 percent vs -16.1 percent); clothing & footwear (-4.4 percent vs -4 percent); and durable goods (-3.1 percent vs -2.4 percent). On the other hand, cost of food increased at a faster pace (6 percent vs 5.7 percent). On a monthly basis, consumer prices went up 0.3 percent, rebounding from a 0.2 percent decline in the prior month.
Inflation Rate in Hong Kong averaged 4.28 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. Hong Kong Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Census and Statistics Department, Hong Kong
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. Looking forward, we estimate Inflation Rate in Hong Kong to stand at 2.10 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.