Inflation Hong Kong 2021
Average inflation: 1.6%
Current Inflation
Inflation is low at 1.6%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in July at 3.8%. The lowest inflation was in February at 0.4%.
- Highest month
- July: 3.8%
- Lowest month
- February: 0.4%
- Difference
- 3.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 2.0%. The lowest price increase was in Core inflation with an average of 0.6%.
- Highest increase
- Energy: 2.0%
- Lowest increase
- Core inflation: 0.6%
Historical Context
Current inflation is around the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 2.7%
- All-time high (2011)
- 5.3%
- All-time low (2020)
- 0.2%
Trend
Inflation shows a downward trend. Compared to 2020, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- July: +6.2 percentage points
ECB Target
Inflation is 0.4% 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 €101.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 2.6% | +1.9 |
| February | 0.4% | -1.9 |
| March | 0.6% | -1.9 |
| April | 0.8% | -1.1 |
| May | 0.9% | -0.8 |
| June | 0.7% | -0.2 |
| July | 3.8% | +6.2 |
| August | 1.6% | +2.0 |
| September | 1.4% | +3.9 |
| October | 1.8% | +2.2 |
| November | 1.9% | +2.3 |
| December | 2.4% | +3.3 |
| Average | 1.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.