Inflation rate in Hong Kong came in at 2.7 percent in October 2018, the same as in the previous month. Prices increased mainly for electricity, gas & water; food (excluding meals bought away from home) and housing; while cost fell further for durable goods. The government expects moderate inflationary pressures in the rest of the year, due to rising local costs and higher residential rents. Inflation Rate in Hong Kong averaged 4.35 percent from 1981 until 2018, reaching an all time high of 16 percent in October of 1981 and a record low of -6.10 percent in August of 1999.
Inflation Rate in Hong Kong is expected to be 2.40 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 2.40 in 12 months time. In the long-term, the Hong Kong Inflation Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.