The annual inflation rate in Hong Kong eased to a four-month low of 1.2 percent in May of 2022 from 1.3 percent in the previous month and well below market expectations of 1.6 percent. Housing prices continued to fall (-0.5 percent, the same as in April) while those for transport eased (1.5 percent vs. 1.8 percent in April). At the same time, inflation was steady for food (4.0 percent) and miscellaneous services (1.3 percent). Meanwhile, the underlying inflation rate went up to 1.7 percent in May from 1.6 percent in the prior month. While external price pressures are expected to remain intensive amid elevated inflation in some primary import sources, overall inflation should stay moderate in the near term as domestic cost pressures remain primarily mild. source: Census and Statistics Department, Hong Kong
Inflation Rate in Hong Kong averaged 4.11 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 June 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.