Hong Kong Inflation Rate  1981-2018 | Data | Chart | Calendar | Forecast

Inflation rate in Hong Kong came in at 2.4 percent in July of 2018, the same as in the previous month. Prices slowed mainly for food while they continued to rise for housing, miscellaneous services and transport. 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
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Hong Kong Inflation Rate Steady at 2.4% in July

Inflation rate in Hong Kong came in at 2.4 percent in July of 2018, the same as in the previous month. Prices slowed mainly for food while they continued to rise for housing, miscellaneous services and transport.

Year-on-year, prices rose less for food (3.6 percent vs 3.7 percent in June), including food excluding meals bought away from home (4.8 percent vs 5.2 percent) and meals bought away from home (2.9 percent vs 3.0 percent); and clothing & footwear (2.4 percent vs 3.6 percent). On the other hand, cost increased faster for housing (2.2 percent vs 2.1 percent); miscellaneous services (1.8 percent vs 1.7 percent); transport (2.2 percent vs 2.0 percent) and electricity, gas, water (4.2 percent vs 3.8 percent).

On a monthly basis, consumer prices went up 0.4 percent in July, after increasing 0.3 percent in the previous month.

Underlying consumer inflation, which excludes the effects of one-off government relief measures also remained virtually unchanged at 2.7 percent as compared to June 2018.

A Government spokesman commented that underlying inflation pressure held largely steady in July, with the annual rate of change in the underlying Composite CPI staying unchanged at 2.7%. In view of the edging up of global inflation and continued feed-through of earlier rises in fresh-letting residential rentals, local underlying consumer price inflation in the months ahead may remain somewhat higher than in the first half of 2018, when it averaged 2.4%. Yet, inflation should stay within a moderate range for 2018 as a whole. The Government will continue to monitor the situation closely, particularly the impact on the lower-income people.

Census and Statistics Department | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/21/2018 9:23:11 AM

Calendar GMT Actual Previous Consensus TEForecast
2018-06-21 08:30 AM Inflation Rate YoY 2.1% 1.9% 2.1%
2018-07-23 08:30 AM Inflation Rate YoY 2.4% 2.1% 2.3%
2018-08-21 08:30 AM Inflation Rate YoY 2.4% 2.4% 2.5%
2018-09-20 08:30 AM Inflation Rate YoY 2.4% 2.4%
2018-10-23 08:30 AM Inflation Rate YoY 2.5%
2018-11-20 08:30 AM Inflation Rate YoY 2.5%

Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.40 16.00 -6.10 percent [+]
Consumer Price Index CPI 107.20 106.80 107.20 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 104.20 103.50 104.20 54.50 Index Points [+]
Import Prices 104.10 103.70 104.10 51.90 Index Points [+]
Producer Prices Change 3.80 3.50 9.59 -6.20 percent [+]
Inflation Rate Mom 0.40 0.30 3.10 -2.43 percent [+]
Food Inflation 4.80 5.20 8.20 -0.60 percent [+]
CPI Transportation 106.70 105.80 116.50 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.40 16.00 -6.10 1981 - 2018 percent Monthly

inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 3.00 Jul/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 0.90 Jul/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18