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

Consumer prices in Hong Kong increased 2 percent year-on-year in July of 2017, above 1.9 percent in the previous month. Prices advanced for transport and recovered for clothing and footwear while inflation was steady for housing and food. 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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Hong Kong Inflation Rate Picks Up to 2% in July


Consumer prices in Hong Kong increased 2 percent year-on-year in July of 2017, above 1.9 percent in the previous month. Prices advanced for transport and recovered for clothing and footwear while inflation was steady for housing and food.

Year-on-year, prices rose faster for transport (3 percent vs 2.5 percent in June); information and communication (0.5 percent vs 0.4 percent); health (4.7 percent vs 4 percent) and recovered for clothing and footwear (0.9 percent vs -1.4 percent). In addition, cost fell less for electricity, gas and water (-0.7 percent vs -0.9 percent) and alcoholic beverages and tobacco (-0.2 percent vs -0.4 percent).

Conversely, inflation slowed for miscellaneous goods (0.5 percent vs 1.5 percent) and miscellaneous services (1.4 percent vs 1.9 percent) and was stable for housing (2.7 percent); food (2.5 percent) and education (2.8 percent).

Underlying consumer inflation, which excludes the effects of one-off government relief measures was also 2.0 percent, slightly higher than 1.9 percent in June, manly due to the increases in the prices of women's outerclothing.

Census and Statistics Department |Luisa Carvalho | luisa.carvalho@tradingeconomics.com
8/22/2017 9:24:07 AM


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Calendar GMT Actual Previous Consensus Forecast (i)
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 2.0% 1.9% 2%
2017-09-21 08:30 AM Aug 2.0% 2.1%
2017-10-23 08:30 AM Sep 2%
2017-11-21 08:30 AM Oct 2.3%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 1.90 16.00 -6.10 percent [+]
Consumer Price Index CPI 104.70 104.30 104.70 21.40 Index Points [+]
GDP Deflator 104.00 102.60 105.20 14.20 Index Points [+]
Producer Prices 108.20 106.50 114.50 84.70 Index Points [+]
Export Prices 99.80 99.00 104.10 54.50 Index Points [+]
Import Prices 99.50 99.10 101.70 51.90 Index Points [+]
CPI Transportation 104.30 103.70 116.50 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 4.20 4.00 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 August of 2017.

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



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.20 Jul/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17