The annual inflation rate in Hong Kong eased for the second consecutive month to 1.4 percent in September of 2021, from 1.6 percent in August. Still, the year-on-year rise in the CPI is due to a low base of comparison arising from the government's payment of public housing rentals and waiver of two-thirds of rent. Netting out the effects of all Government's one-off relief measures, the inflation rate was 1 percent, slower than 1.2 percent in August. Main upward pressure came from electricity, gas and water (23.6 percent); transport (5.4 percent); clothing & footwear (8.7 percent); and food (2.2 percent), namely meals out & takeaway food (2.8 percent) and basic food (1.3 percent); durable goods (2.2 percent); and miscellaneous services (0.9 percent). source: Census and Statistics Department, Hong Kong
Inflation Rate in Hong Kong averaged 4.15 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 October of 2021.
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 1.50 percent in 2022, according to our econometric models.