Inflation rate in Hong Kong went up to 2.7 percent in September 2018 from 2.3 percent in the previous month. Prices increased mainly for food; electricity, gas & water and housing. The government expects moderate inflationary pressures in the rest of the year due to rising local costs, along with the sustained economic expansion, and residential rents. 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.



Hong Kong Inflation Rate Picks Up to 2.7% in September


Inflation rate in Hong Kong went up to 2.7 percent in September 2018 from 2.3 percent in the previous month. Prices increased mainly for food; electricity, gas & water and housing. The government expects moderate inflationary pressures in the rest of the year due to rising local costs, along with the sustained economic expansion, and higher residential rents.

Year-on-year, prices advanced faster for food (3.6 percent vs 3.5 percent in August); electricity, gas & water (3.8 percent vs 3.4 percent); housing (2.9 percent vs 2.3 percent); miscellaneous services (2.9 percent vs 1.4 percent) and clothing & footwear (2.5 percent vs 1.9 percent). Contrarily, cost slowed slightly for transport (1.3 percent vs 1.4 percent). 

On a monthly basis, consumer prices edged up 0.2 percent, after being flat in August. 

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. -, rose to 3.1 percent (from 2.6 percent in August), to the increases in school fees and the upward adjustment in public housing rentals.

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
10/23/2018 9:23:03 AM



Calendar GMT Actual Previous Consensus TEForecast
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 2.7% 2.3% 2.5%
2018-11-20 08:30 AM Inflation Rate YoY 2.7% 2.5%
2018-12-20 08:30 AM Inflation Rate YoY 2.6%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.70 2.30 16.00 -6.10 percent [+]
Consumer Price Index CPI 107.40 107.20 107.40 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 104.30 103.70 104.30 54.50 Index Points [+]
Import Prices 105.30 104.80 105.30 51.90 Index Points [+]
Producer Prices Change 3.80 3.80 9.59 -6.20 percent [+]
Inflation Rate Mom 0.20 0.00 3.10 -2.43 percent [+]
Food Inflation 3.60 3.50 8.20 -0.60 percent [+]
CPI Transportation 105.70 105.40 116.50 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.30 16.00 -6.10 1981 - 2018 percent Monthly
2009/2010=100




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


Related

Latest