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

Kong increased 1.9 percent year-on-year in June of 2017, easing from a 2 percent rise in the previous two months. It is the lowest inflation rate since March, mainly led by prices of miscellaneous goods, housing, transport, clothing & footwear and alcoholic beverages & tobacco. Inflation Rate in Hong Kong averaged 4.43 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)
2017-05-23 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 1.9% 2% 1.8%
2017-08-22 08:30 AM Jul 1.9% 2%
2017-09-21 08:30 AM Aug 2.1%
2017-10-23 08:30 AM Sep 2%




Hong Kong Inflation Rate Slows To 3-Month Low


Kong increased 1.9 percent year-on-year in June of 2017, easing from a 2 percent rise in the previous two months. It is the lowest inflation rate since March, mainly led by prices of miscellaneous goods, housing, transport, clothing & footwear and alcoholic beverages & tobacco.

Year-on-year, prices slowed for miscellaneous goods (1.5 percent vs 2 percent in May), transport (2.5 percent vs 2.7 percent) and were unchanged for housing (2.7 percent) and miscellaneous services (1.9 percent). In addition, cost fell for electricity, gas and water (-0.9 percent, the same pace as in May); clothing and footwear (-1.4 percent vs -1.2 percent) and alcoholic beverages and tobacco (-0.4 percent vs 0.3 percent).

In contrast, inflation accelerated for food (2.5 percent vs 2.4 percent), education (2.8 percent vs 2.6 percent), health (4 percent vs 3.4 percent) and information and communication (0.4 percent vs 0.2 percent).

Underlying consumer inflation, which excludes the effects of one-off government relief measures was also 1.9 percent, compared to a 2 percent rise in May.

Census and Statistics Department |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/20/2017 9:20:12 AM


Recent Releases

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.
Published on 2017-06-20

Hong Kong Inflation Rate At 7-Month High Of 2% In April
Consumer prices in Hong Kong increased 2 percent year-on-year in April of 2017, compared to a 0.5 percent rise in the prior month. It was the highest inflation rate since September last year, mainly driven by prices of housing, transport, miscellaneous goods and services and food, excluding meals bought away from home.
Published on 2017-06-20

Hong Kong Inflation Rate Rises To 0.5% In March
Consumer prices in Hong Kong increased 0.5 percent year-on-year in March of 2017, compared to a 0.1 percent drop in the prior month. The recovery in CPI was mainly driven by prices of housing, meals bought away from home and transport.
Published on 2017-04-21

Hong Kong Consumer Prices Fall For 1st Time In 7-1/2 Years
Consumer prices in Hong Kong fell by 0.1 percent year-on-year in February 2017, compared to a 1.3 percent rise in the previous month. It is the first decrease since August of 2009 due to several factors: difference in the timing of the Lunar New Year, which fell in late January this year but in early February last year; high base of comparison a year earlier when prices of basic foodstuffs surged because of bad weather conditions and downward adjustment in electricity charges. Taking the first two months of 2017 together to neutralise the effect of the Lunar New Year, consumer prices rose by 0.6 percent over a year earlier.
Published on 2017-03-21



Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.00 16.00 -6.10 percent [+]
Consumer Price Index CPI 104.30 104.30 104.50 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 99.00 99.30 104.10 54.50 Index Points [+]
Import Prices 99.10 99.10 101.70 51.90 Index Points [+]
Cpi Transportation 103.70 103.90 116.50 98.20 Index Points [+]
Food Inflation 2.50 2.40 8.20 -0.60 percent [+]
Inflation Rate Mom 0.00 -0.20 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 July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 2.00 16.00 -6.10 1981 - 2017 percent Monthly
2009/2010=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.00 Jun/17
Canada 1.00 Jun/17
China 1.50 Jun/17
Euro Area 1.30 Jun/17
France 0.70 Jun/17
Germany 1.60 Jun/17
India 1.54 Jun/17
Indonesia 4.37 Jun/17
Italy 1.20 Jun/17
Japan 0.40 May/17
Mexico 6.31 Jun/17
Netherlands 1.10 Jun/17
Russia 4.40 Jun/17
South Korea 1.90 Jun/17
Spain 1.50 Jun/17
Switzerland 0.20 Jun/17
Turkey 10.90 Jun/17
United Kingdom 2.60 Jun/17
United States 1.60 Jun/17