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

Annual inflation rate in Hong Kong fell to 1.9 percent in April of 2018 from 2.6 percent in March, mainly due to smaller increases in prices for package tours and fresh vegetables. Netting out the effects of all Government's one-off relief measures, the inflation was 2.2 percent, also lower than 2.6 percent in March. 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 Slows to 1.9% in April


Inflation Rate in Hong Kong fell to 1.9 percent in April of 2018 from 2.6 percent in March, mainly due to smaller increases in prices for package tours and fresh vegetables. Netting out the effects of all Government's one-off relief measures, the inflation was 2.2 percent, also lower than 2.6 percent in March.

Year-on-year, prices eased for food (3.5 percent from 3.7 percent); housing (1.8 percent from 2.6 percent); electricity, gas & water supply (3.7 percent from 4.3 percent); alcoholic beverages & tobacco (0.2 percent from 1 percent) and transport (0.5 percent from 1.6 percent). Also, inflation was steady for clothing & footwear (0.9 percent) and prices fell at the same pace as in March for durable goods (-2.1 percent) and educational services (-3.8 percent).

On a seasonally adjusted basis, consumer prices edged down 0.1 percent, following a 0.3 percent drop in the previous month.

A Government spokesman said that with the continued above-trend economic growth, inflationary pressures would rise somewhat over the course of 2018. The feed-through of the rise in fresh-letting residential rentals over the past year or so will also likely become more visible in the period ahead. Nevertheless, inflation rate is expected to be largely contained in the near term.


Census and Statistics Department | Gabriela Costa | gabriela.costa@tradingeconomics.com
5/21/2018 10:16:29 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-03-20 08:30 AM Inflation Rate YoY 3.1% 1.7% 2.7%
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 1.9% 2.1%
2018-07-23 08:30 AM Inflation Rate YoY 2.3%
2018-08-21 08:30 AM Inflation Rate YoY 2.4%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.60 16.00 -6.10 percent [+]
Consumer Price Index CPI 106.50 106.60 106.90 21.40 Index Points [+]
GDP Deflator 105.50 104.30 105.50 14.00 Index Points [+]
Producer Prices 110.30 111.40 114.50 84.70 Index Points [+]
Export Prices 103.40 104.00 104.10 54.50 Index Points [+]
Import Prices 103.80 103.80 103.80 51.90 Index Points [+]
Producer Prices Change 3.50 3.70 9.59 -6.20 percent [+]
Inflation Rate Mom -0.10 -0.30 3.10 -2.43 percent [+]
Food Inflation 3.50 3.70 8.20 -0.60 percent [+]
CPI Transportation 104.80 104.90 116.50 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.60 16.00 -6.10 1981 - 2018 percent Monthly
2009/2010=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.76 Apr/18
Canada 2.20 Apr/18
China 1.80 Apr/18
Euro Area 1.20 Apr/18
France 1.60 Apr/18
Germany 1.60 Apr/18
India 4.58 Apr/18
Indonesia 3.41 Apr/18
Italy 0.50 Apr/18
Japan 0.60 Apr/18
Mexico 4.55 Apr/18
Netherlands 0.90 Apr/18
Russia 2.40 Apr/18
South Korea 1.60 Apr/18
Spain 1.10 Apr/18
Switzerland 0.80 Apr/18
Turkey 10.85 Apr/18
United Kingdom 2.40 Apr/18
United States 2.50 Apr/18


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