Hong Kong Inflation Rate  1981-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Hong Kong increased 1.5 percent year-on-year in October of 2017, higher than 1.4 percent in September. The slight uptick in annual inflation rate was mainly driven by rising prices of housing and food while cost of miscellaneous services fell less. Inflation Rate in Hong Kong averaged 4.41 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 1.5% In October


Consumer prices in Hong Kong increased 1.5 percent year-on-year in October of 2017, higher than 1.4 percent in September. The slight uptick in annual inflation rate was mainly driven by rising prices of housing and food while cost of miscellaneous services fell less.

Year-on-year, prices advanced faster for housing (2.4 percent vs 2.3 percent in September); food (2.9 percent vs 2.4 percent), particularly food exlcuding meals bought away from home (3.3 percent vs 1.9 percent) and miscellaneous goods (0.6 percent vs 0.5 percent). In addition, cost decreased less for miscellaneous services (-0.4 percent vs -0.6 percent) and durable goods (-2.9 percent vs -3.3 percent).

On the other hand, prices slowed for transport (0.8 percent vs 1.8 percent) while fell for clothing and footwear (-0.5 percent vs 0.4 percent) and alcoholic beverages and tobacco (-1.3 percent vs 0.5 percent).

A Government spokesman said that consumer price inflation stayed fairly modest in October. The spokesman also commented that looking ahead, considering the slow increases in import prices and moderate local cost pressure, inflation risks should remain limited in the near term. The Government will continue to monitor the inflation developments closely, particularly its impact on the lower-income people.

Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/21/2017 9:04:02 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-21 08:30 AM Inflation Rate YoY 1.90% 2.0% 2.1%
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 1.50% 2.5%
2018-01-23 08:30 AM Inflation Rate YoY
2018-02-22 08:30 AM Inflation Rate YoY


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.40 16.00 -6.10 percent [+]
Consumer Price Index CPI 104.90 104.60 104.90 21.40 Index Points [+]
GDP Deflator 105.40 104.00 105.40 14.20 Index Points [+]
Producer Prices 110.60 108.20 114.50 84.70 Index Points [+]
Export Prices 100.40 100.00 104.10 54.50 Index Points [+]
Import Prices 100.80 100.90 101.70 51.90 Index Points [+]
Inflation Rate Mom -0.20 0.10 3.10 -2.43 percent [+]
Food Inflation 2.90 2.40 8.20 -0.60 percent [+]
CPI Transportation 103.30 104.40 116.50 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.40 16.00 -6.10 1981 - 2017 percent Monthly
2009/2010=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.80 Nov/17
Canada 1.40 Oct/17
China 1.70 Nov/17
Euro Area 1.50 Nov/17
France 1.20 Nov/17
Germany 1.80 Nov/17
India 3.58 Oct/17
Indonesia 3.30 Nov/17
Italy 0.90 Nov/17
Japan 0.20 Oct/17
Mexico 6.63 Nov/17
Netherlands 1.50 Nov/17
Russia 2.50 Nov/17
South Korea 1.30 Nov/17
Spain 1.60 Nov/17
Switzerland 0.80 Nov/17
Turkey 12.98 Nov/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17