Inflation Hong Kong 2020
Average inflation: 0.2%
Current Inflation
Inflation is very low at 0.2%, well below the ECB target.
Peak and Trough
The highest inflation was in March at 2.5%. The lowest inflation was in September at -2.5%.
- Highest month
- March: 2.5%
- Lowest month
- September: -2.5%
- Difference
- 5.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 8.0%. The lowest price increase was in Energy with an average of -1.6%.
- Highest increase
- Food: 8.0%
- Lowest increase
- Energy: -1.6%
Historical Context
Current inflation is 1.7% lower than the 5-year average of 1.9%. This approaches the lowest level since records began (0.2% in 2020).
- 5-year average
- 1.9%
- 10-year average
- 3.1%
- All-time high (2011)
- 5.3%
- All-time low (2020)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +2.7 percentage point.
- Change vs. previous year
- -2.7 percentage points
- Largest monthly swing
- September: -5.7 percentage points
ECB Target
Inflation is 1.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.7% | -1.7 |
| February | 2.3% | +0.2 |
| March | 2.5% | +0.4 |
| April | 1.9% | -1.0 |
| May | 1.7% | -1.0 |
| June | 0.9% | -2.3 |
| July | -2.4% | -5.7 |
| August | -0.4% | -3.8 |
| September | -2.5% | -5.7 |
| October | -0.4% | -3.7 |
| November | -0.4% | -3.6 |
| December | -0.9% | -3.8 |
| Average | 0.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.