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

Consumer prices in Hong Kong increased 1.9 percent year-on-year in August of 2017, easing from 2 percent in the previous month. Prices advanced at a softer pace for food and transport while rose faster for housing and miscellaneous services. Inflation Rate in Hong Kong averaged 4.42 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 Slows to 1.9% in August


Consumer prices in Hong Kong increased 1.9 percent year-on-year in August of 2017, easing from 2 percent in the previous month. Prices advanced at a softer pace for food and transport while rose faster for housing and miscellaneous services.

Year-on-year, prices rose less for food (2.4 percent vs 2.5 percent in July), as cost of meals bought away from home advanced at the same pace (2.7 percent) and the one of food, excluding meals away from home slowed (1.9 percent vs 2.2 percent). Also, prices advanced at a slower pace for transport (1.1 percent vs 3 percent) while fell for alcoholic beverages and tobacco (-0.8 percent vs -0.2 percent) and durable goods (-3 percent vs -3.6 percent).

In contrast, cost increased faster for: housing (2.8 percent vs 2.7 percent); miscellaneous services (1.8 percent vs 1.4 percent), of which education (3 percent vs 2.8 percent) and medical services (5.1 percent vs 4.7 percent); clothing and footwear (1.6 percent vs 0.9 percent) and miscellaneous goods (0.6 percent vs 0.5 percent).

Underlying consumer inflation, which excludes the effects of one-off government relief measures was also 1.9 percent, slightly smaller than 2 percent in July, mainly due to the decreases in inbound and outbound transport fares.

Census and Statistics Department | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/21/2017 9:19:09 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-20 08:30 AM Inflation Rate YoY 1.9% 2% 1.8%
2017-08-22 08:30 AM Inflation Rate YoY 2.0% 1.9% 2%
2017-09-21 08:30 AM Inflation Rate YoY 1.90% 2.0% 2.1%
2017-10-23 08:30 AM Inflation Rate YoY 1.9% 2%
2017-11-21 08:30 AM Inflation Rate YoY 2.3%
2017-12-21 08:30 AM Inflation Rate YoY 2.5%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 2.00 16.00 -6.10 percent [+]
Consumer Price Index CPI 104.80 104.70 104.80 21.40 Index Points [+]
GDP Deflator 104.00 102.60 105.20 14.20 Index Points [+]
Producer Prices 110.60 108.20 114.50 84.70 Index Points [+]
Export Prices 99.60 99.80 104.10 54.50 Index Points [+]
Import Prices 100.50 99.50 101.70 51.90 Index Points [+]
CPI Transportation 103.90 104.30 116.50 98.20 Index Points [+]
Food Inflation 2.40 2.50 8.20 -0.60 percent [+]
Inflation Rate Mom 0.10 0.40 3.10 -2.43 percent [+]
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 October 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 1.90 Jun/17
Brazil 2.54 Sep/17
Canada 1.40 Aug/17
China 1.60 Sep/17
Euro Area 1.50 Sep/17
France 1.00 Sep/17
Germany 1.80 Sep/17
India 3.28 Sep/17
Indonesia 3.72 Sep/17
Italy 1.10 Sep/17
Japan 0.70 Aug/17
Mexico 6.35 Sep/17
Netherlands 1.50 Sep/17
Russia 3.00 Sep/17
South Korea 2.10 Sep/17
Spain 1.80 Sep/17
Switzerland 0.70 Sep/17
Turkey 11.20 Sep/17
United Kingdom 3.00 Sep/17
United States 2.20 Sep/17