Hong Kong Inflation Rate  1981-2018 | Data | Chart | Calendar | Forecast

Inflation Rate in Hong Kong went up to 2.1 percent in May of 2018 from 1.9 percent in April, mainly due to higher prices for package tours and private housing rentals. Netting out the effects of all Government's one-off relief measures - such as tax cuts for lower income individuals; extra allowance for the elderly, child & disabled people; students' grants; etc. -, the inflation was 2.4 percent, also higher than 2.2 percent in April. Inflation Rate in Hong Kong averaged 4.37 percent from 1981 until 2018, reaching an all time high of 16 percent in October of 1981 and a record low of -6.10 percent in August of 1999.

Hong Kong Inflation Rate
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Hong Kong Inflation Rate Picks Up to 2.1% in May


Inflation Rate in Hong Kong went up to 2.1 percent in May of 2018 from 1.9 percent in April, mainly due to higher prices for package tours and private housing rentals. Netting out the effects of all Government's one-off relief measures - such as tax cuts for lower income individuals; extra allowance for the elderly, child & disabled people; students' grants; etc. -, the inflation was 2.4 percent, also higher than 2.2 percent in April.

Year-on-year, prices advanced faster for housing (2 percent from 1.8 percent in April); food (4.7 percent from 3.5 percent); transport (1.2 percent from 0.5 percent) and clothing & footwear (1.4 percent from 0.9 percent). Also, inflation was steady for alcoholic beverages & tobacco (0.2 percent) and prices fell at the same pace as in April for educational services (-3.8 percent). Contrarily, cost slowed for electricity, gas & water supply (3.4 percent from 3.7 percent).

On a seasonally adjusted basis, consumer prices were unchanged, following a 0.1 percent drop in the previous month.

A Government spokesman said that, although consumer price inflation remained moderate in May, inflationary pressure will likely go up in the period ahead, in view of the robust economic conditions and continued feed-through of earlier rises in fresh-letting residential rentals. Nevertheless, inflation should stay within a moderate range for the year as a whole. The Government will continue to monitor the situation closely, particularly the impact on the lower-income people.


Census and Statistics Department | Gabriela Costa | gabriela.costa@tradingeconomics.com
6/21/2018 9:21:46 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-23 08:30 AM Inflation Rate YoY 2.6% 3.1% 2%
2018-05-21 08:30 AM Inflation Rate YoY 1.9% 2.6% 2.4%
2018-06-21 08:30 AM Inflation Rate YoY 2.1% 1.9% 2.1%
2018-07-23 08:30 AM Inflation Rate YoY 2.1% 2.3%
2018-08-21 08:30 AM Inflation Rate YoY 2.4%
2018-09-20 08:30 AM Inflation Rate YoY 2.4%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 1.90 16.00 -6.10 percent [+]
Consumer Price Index CPI 106.50 106.50 106.90 21.40 Index Points [+]
GDP Deflator 105.50 104.30 105.50 14.00 Index Points [+]
Producer Prices 112.30 110.30 114.50 84.70 Index Points [+]
Export Prices 103.60 103.40 104.10 54.50 Index Points [+]
Import Prices 103.60 103.80 103.80 51.90 Index Points [+]
Producer Prices Change 3.80 3.50 9.59 -6.20 percent [+]
Inflation Rate Mom 0.00 -0.10 3.10 -2.43 percent [+]
Food Inflation 4.70 3.50 8.20 -0.60 percent [+]
CPI Transportation 105.20 104.80 116.50 98.20 Index Points [+]


Hong Kong Inflation Rate

In Hong Kong, the composite consumer price index is based on a monthly survey conducted throughout the territory. The indicator consists of 980 consumer goods and services classified into 9 major groups. Housing accounts for 31.6 percent of total weight, Food for 27.5 percent and Miscellaneous Services such as education, communications, information and medical care for 15.9 percent. Transport constitutes 8.5 percent of total index; Durable Goods for 5.2 percent; Miscellaneous Goods for 4.2 percent and Clothing and Footwear for 3.4 percent. Electricity, Gas and Water account for 3.1 percent and Alcoholic Drinks and Tobacco for the remaining 0.6 percent. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.90 16.00 -6.10 1981 - 2018 percent Monthly
2009/2010=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.40 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


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