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

Consumer prices in Hong Kong increased 1.6 percent year-on-year in November of 2017, following a 1.5 percent rise in the previous month. Prices went up at a faster pace for housing, transport and miscellaneous goods. A Government spokesman said that looking ahead, inflation pressure should be limited in the near term, given the prevailing mild external price pressure and moderate rises in local costs. Inflation Rate in Hong Kong averaged 4.40 percent from 1981 until 2017, 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 Rises to 1.6% in November


Consumer prices in Hong Kong increased 1.6 percent year-on-year in November of 2017, following a 1.5 percent rise in the previous month. Prices went up at a faster pace for housing, transport and miscellaneous goods.


Year-on-year, prices advanced faster for housing (2.5 percent compared to 2.4 percent in October);  transport (1.7 percent compared to 0.8 percent) and miscellaneous goods (0.8 percent compared to 0.6 percent). In addition, prices rebounded for miscellaneous services (0.1 percent compared to -0.4 percent) and clothing and footwear (0.9 percent compared to -0.5 percent) and fell at a softer pace for durable goods (-2.5 percent compared to -2.9 percent) and alcoholic beverages and tobacco (-0.2 percent compared to -1.3 percent). Meantime, cost rose at a softer pace for food (2.3 percent compared to 2.9 percent), particularly food excluding meals bought away from home (1.6 percent compared to 3.3 percent) and decreased for utilities (-0.1 percent compared to 0.2 percent).

On a monthly basis, consumer prices increased 0.3 percent, the same as in the previous month. 

A Government spokesman said that consumer price inflation remained modest in November. The spokesman also commented that looking ahead, inflation pressure should be limited in the near term, given the prevailing mild external price pressure and moderate rises in local costs. The Government will continue to monitor the inflation developments closely, particularly its impact on the lower-income people.


Census and Statistics Department | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/21/2017 10:13:31 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-23 08:30 AM Inflation Rate YoY 1.40% 1.9% 2%
2017-11-21 08:30 AM Inflation Rate YoY 1.50% 1.4% 1.6%
2017-12-21 08:30 AM Inflation Rate YoY 1.60% 1.50% 1.6%
2018-01-23 08:30 AM Inflation Rate YoY 1.60% 1.80%
2018-02-22 08:30 AM Inflation Rate YoY 1.90%
2018-03-20 08:30 AM Inflation Rate YoY 2%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.50 16.00 -6.10 percent [+]
Consumer Price Index CPI 105.20 104.90 105.20 21.40 Index Points [+]
GDP Deflator 105.40 104.00 105.40 14.20 Index Points [+]
Producer Prices 111.40 110.60 114.50 84.70 Index Points [+]
Export Prices 101.00 100.40 104.10 54.50 Index Points [+]
Import Prices 101.10 100.80 101.70 51.90 Index Points [+]
Inflation Rate Mom 0.30 0.30 3.10 -2.43 percent [+]
Food Inflation 2.30 2.90 8.20 -0.60 percent [+]
CPI Transportation 103.60 103.30 116.50 98.20 Index Points [+]
Producer Prices Change 3.70 4.20 9.59 -6.20 percent [+]


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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.50 16.00 -6.10 1981 - 2017 percent Monthly
2009/2010=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.95 Dec/17
Canada 2.10 Nov/17
China 1.80 Dec/17
Euro Area 1.40 Dec/17
France 1.20 Dec/17
Germany 1.70 Dec/17
India 5.21 Dec/17
Indonesia 3.61 Dec/17
Italy 0.90 Dec/17
Japan 0.60 Nov/17
Mexico 6.77 Dec/17
Netherlands 1.30 Dec/17
Russia 2.50 Dec/17
South Korea 1.50 Dec/17
Spain 1.10 Dec/17
Switzerland 0.80 Dec/17
Turkey 11.92 Dec/17
United Kingdom 3.00 Dec/17
United States 2.10 Dec/17


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