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

Inflation rate in Hong Kong declined to 2.3 percent in August of 2018 from 2.4 percent in each of the previous two months. Prices slowed mainly for food, clothing & footwear, transport and utilities. The government expects inflationary pressures to rise in the next months, due to a gradual increase in global inflation and residential rents. However, the inflation rate should remain within a moderate range for 2018 as a whole. Inflation Rate in Hong Kong averaged 4.36 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 Edges Down to 2.3% in August


Inflation rate in Hong Kong declined to 2.3 percent in August of 2018 from 2.4 percent in each of the previous two months. Prices slowed mainly for food, clothing & footwear, transport and utilities. The government expects inflationary pressures to rise in the next months, due to a gradual increase in global inflation and residential rents. However, the inflation rate should remain within a moderate range for 2018 as a whole.

Year-on-year, prices rose less for food (3.5 percent vs 3.6 percent in July); clothing & footwear (1.9 percent vs 2.4 percent); transport (1.4 percent vs 2.2 percent); electricity, gas, water (3.4 percent vs 4.2 percent) and miscellaneous services (1.4 percent vs 1.8 percent). Contrarily, prices picked up for housing (2.3 percent vs 2.2 percent).

On a monthly basis, consumer prices were flat in August, after increasing 0.4 percent in the previous month.

Underlying consumer inflation, which excludes the effects of one-off government relief measures - such as tax cuts for lower income individuals; extra allowance for the elderly, child & disabled people; students' grants; etc. -, edged down to 2.6 percent (from 2.7 percent in July), due to slowing prices for package tours and decreasing transport fares. 

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
9/20/2018 9:32:20 AM


Recent Releases

Hong Kong Inflation Rate Steady at 2.4% in July
Inflation rate in Hong Kong came in at 2.4 percent in July of 2018, the same as in the previous month. Prices slowed mainly for food while they continued to rise for housing, miscellaneous services and transport.
Published on 2018-08-21

Hong Kong Inflation Rate at 3-Month High
Inflation Rate in Hong Kong went up to 2.4 percent in June of 2018 from a 2.1 percent gain in May. It was the highest inflation since March, mainly due to higher prices for private housing rentals, salt-water fish and package tours. 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 2.7 percent, also higher than 2.4 percent in May.
Published on 2018-07-23

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.
Published on 2018-06-21

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.
Published on 2018-05-21



Calendar GMT Actual Previous Consensus TEForecast
2018-07-23 08:30 AM Inflation Rate YoY 2.4% 2.1% 2.3%
2018-08-21 08:30 AM Inflation Rate YoY 2.4% 2.4% 2.5%
2018-09-20 08:30 AM Inflation Rate YoY 2.3% 2.4% 2.4%
2018-10-23 08:30 AM Inflation Rate YoY 2.3% 2.5%
2018-11-20 08:30 AM Inflation Rate YoY 2.5%
2018-12-20 08:30 AM Inflation Rate YoY 2.6%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.40 16.00 -6.10 percent [+]
Consumer Price Index CPI 107.20 107.20 107.20 21.40 Index Points [+]
GDP Deflator 106.70 105.50 106.70 14.00 Index Points [+]
Producer Prices 114.80 112.30 114.80 84.70 Index Points [+]
Export Prices 103.70 104.20 104.20 54.50 Index Points [+]
Import Prices 104.80 104.10 104.80 51.90 Index Points [+]
Producer Prices Change 3.80 3.50 9.59 -6.20 percent [+]
Inflation Rate Mom 0.00 0.40 3.10 -2.43 percent [+]
Food Inflation 3.50 3.60 8.20 -0.60 percent [+]
CPI Transportation 105.40 106.70 116.50 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.40 16.00 -6.10 1981 - 2018 percent Monthly
2009/2010=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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