Inflation Hong Kong 2022
Average inflation: 1.9%
Current Inflation
Inflation is low at 1.9%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in September at 4.3%. The lowest inflation was in January at 1.2%.
- Highest month
- September: 4.3%
- Lowest month
- January: 1.2%
- Difference
- 3.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.4%. The lowest price increase was in Core inflation with an average of 0.7%.
- Highest increase
- Food: 4.4%
- Lowest increase
- Core inflation: 0.7%
Historical Context
Current inflation is around the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 2.5%
- All-time high (2011)
- 5.3%
- All-time low (2020)
- 0.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +0.3 percentage point.
- Change vs. previous year
- +0.3 percentage points
- Largest monthly swing
- September: +2.9 percentage points
ECB Target
Inflation is close to the ECB target of 2.0%.
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 €101.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 1.2% | -1.4 |
| February | 1.7% | +1.3 |
| March | 1.8% | +1.2 |
| April | 1.3% | +0.5 |
| May | 1.3% | +0.4 |
| June | 1.9% | +1.2 |
| July | 1.9% | -1.9 |
| August | 1.9% | +0.3 |
| September | 4.3% | +2.9 |
| October | 1.8% | 0.0 |
| November | 1.8% | -0.1 |
| December | 2.0% | -0.4 |
| Average | 1.9% |
Data source
Data from WorldBank. Last updated: 06/01/2026.