Hong Kong Inflation December 2022

Inflation rose to 2.0% in December, up from 1.8% in November, as meals and transport costs rose at a quicker price. Weak home demand has seemingly contained inflation in latest months; Inflation is much decrease than in different developed economies.

The development remained unchanged, with annual common inflation in December standing at 1.9% in November.

In any case, shopper costs in December rose by a seasonally adjusted 0.19% month-on-month and are thus in step with the November determine. The December outcome marked the weakest studying since September.

FocusEconomics panelists forecast common inflation of two.2% in 2023, unchanged from final month’s forecast. For 2024, our panel expects common inflation of two.0%.