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

Consumer prices in Hong Kong increased 2 percent year-on-year in May of 2017, at the same pace as in the previous month. Prices accelerated for food and miscellaneous goods while rose slower for transport, miscellaneous services and alcoholic drinks and tobacco. Inflation Rate in Hong Kong averaged 4.45 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-21 08:30 AM Mar 0.5% -0.1% 0.1%
2017-05-23 08:30 AM Apr 2% 0.5% 1.6%
2017-06-20 08:30 AM May 2% 2% 1.8%
2017-07-20 08:30 AM Jun 2% 2.2%
2017-08-22 08:30 AM Jul 2%
2017-09-21 08:30 AM Aug 2.1%




Hong Kong Inflation Steady At 2% In May


Consumer prices in Hong Kong increased 2 percent year-on-year in May of 2017, at the same pace as in the previous month. Prices accelerated for food and miscellaneous goods while rose slower for transport, miscellaneous services and alcoholic drinks and tobacco.

Year-on-year, prices rose faster for food (2.4 percent vs 1.9 percent) and miscellaneous goods (2 percent from 1.9 percent). Also, cost fell less for electricity, gas and water (-0.9 percent -1.2 percent) and clothing and footwear (-1.2 percent vs -1.7 percent).

Meanwhile, prices slowed down for miscellaneous services (1.9 percent from 2.7 percent), alcoholic drinks and tobacco (0.3 percent vs 3.4 percent), transport (2.7 percent vs 3.4 percent) and were unchanged for housing (2.7 percent).

Underlying consumer inflation, which excludes the effects of one-off government relief measures was also steady at 2 percent compared to the previous month. 

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/20/2017 8:58:19 AM


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Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.00 16.00 -6.10 percent [+]
Consumer Price Index CPI 104.30 104.50 104.50 21.40 Index Points [+]
GDP Deflator 102.60 103.20 105.20 14.20 Index Points [+]
Producer Prices 108.20 106.50 114.50 84.70 Index Points [+]
Export Prices 99.30 99.20 104.10 54.50 Index Points [+]
Import Prices 99.10 99.60 101.70 51.90 Index Points [+]
Cpi Transportation 103.90 104.20 116.50 98.20 Index Points [+]
Food Inflation 2.40 1.90 8.20 -0.60 percent [+]
Inflation Rate Mom -0.20 0.60 3.10 -2.43 percent [+]
Producer Prices Change 4.00 3.90 9.59 -6.20 percent [+]


Hong Kong Inflation Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 16.00 -6.10 1981 - 2017 percent Monthly
2009/2010=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.60 May/17
Canada 1.30 May/17
China 1.50 May/17
Euro Area 1.40 May/17
France 0.80 May/17
Germany 1.50 May/17
India 2.18 May/17
Indonesia 4.33 May/17
Italy 1.40 May/17
Japan 0.40 Apr/17
Mexico 6.16 May/17
Netherlands 1.10 May/17
Russia 4.10 May/17
South Korea 2.00 May/17
Spain 1.90 May/17
Switzerland 0.50 May/17
Turkey 11.72 May/17
United Kingdom 2.90 May/17
United States 1.90 May/17