Hong Kong Inflation Rate  1981-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Hong Kong increased 4.3 percent year-on-year in August of 2016, following 2.3 percent rise in July. It was the highest inflation rate since March 2015, due to the low base of comparison resulted from the government's payment of public housing rentals in August last year. Netting out the effects of all Government's one-off relief measures, the inflation was 2.1 percent, also slightly larger than 2 percent in July. Inflation Rate in Hong Kong averaged 4.50 percent from 1981 until 2016, reaching an all time high of 16 percent in October of 1981 and a record low of -6.10 percent in August of 1999. Inflation Rate in Hong Kong is reported by the Census and Statistics Department, Hong Kong.

Hong Kong Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
4.30 2.30 16.00 -6.10 1981 - 2016 percent Monthly
2009/2010=100
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-21 08:30 AM Jun 2.4% 2.6% 2.8%
2016-08-22 08:30 AM Jul 2.3% 2.4% 2.5% 2.5%
2016-09-22 08:30 AM Aug 4.3% 2.3% 2.1%
2016-10-20 08:30 AM Sep 4.3% 2.3%
2016-11-22 08:30 AM Oct 2.5%
2016-12-20 08:30 AM Nov 2.4%

Hong Kong Inflation Rate at 17-Month High in August


Consumer prices in Hong Kong increased 4.3 percent year-on-year in August of 2016, following 2.3 percent rise in July. It was the highest inflation rate since March 2015, due to the low base of comparison resulted from the government's payment of public housing rentals in August last year. Netting out the effects of all Government's one-off relief measures, the inflation was 2.1 percent, also slightly larger than 2 percent in July.

Year-on-year, prices increased at a faster pace for housing (+9.5 percent compared to +4.2 percent in July); electricity, gas and water (+4.2 percent compared to -1.5 percent in July); alcoholic drinks and tobacco (+2.6 percent compared to 2 percent in July); transport (+2 percent compared to 0.6 percent); miscellaneous goods (+2.5 percent compared to 2 percent in July) and food excluding meals bought away from home (+2.3 percent compared to 1.9 percent in July).

Inflation was lower for meals bought away from home (3 percent from +3.3 percent in July) and miscellaneous services (2.7 percent compared to 2.8 percent in July); 

In contrast, prices fell for durable goods (-5.3 percent, the same as in July) and clothing and footwear (-5 percent compared to -4.8 percent in July).

Considering the first eight months of 2016, the CPI rose by 2.9 percent over a year earlier but netting out the effects of all Government's one-off relief measures, it went up at a slower 2.4 percent.

The spokesman commented that looking ahead, inflation pressure should remain contained in the near term, given the soft import prices and moderate increases in local costs. 

Yekaterina Guchshina | yekaterina@tradingeconomics.com
9/22/2016 9:09:54 AM

Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 4.30 2.30 16.00 -6.10 percent [+]
Consumer Price Index CPI 102.80 102.70 103.80 21.40 Index Points [+]
GDP Deflator 104.80 104.60 109.00 14.70 Index Points [+]
Producer Prices 106.60 103.80 114.50 84.70 Index Points [+]
Export Prices 98.10 98.20 104.10 54.50 Index Points [+]
Import Prices 98.70 97.00 103.20 52.70 Index Points [+]
Cpi Transportation 102.70 101.30 114.40 98.20 Index Points [+]
Food Inflation 2.70 2.80 8.20 -0.60 percent [+]
Inflation Rate Mom 0.10 0.39 3.10 -2.43 percent [+]
Producer Prices Change -2.80 -3.20 9.59 -6.20 percent [+]




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Australia 1.00 Jun/16
Austria 0.60 Aug/16
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Costa Rica 0.60 Aug/16
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Denmark 0.20 Aug/16
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Egypt 15.50 Aug/16
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Germany 0.70 Sep/16
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Indonesia 2.79 Aug/16
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Iraq -0.40 Jul/16
Ireland -0.10 Aug/16
Israel -0.70 Aug/16
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Jamaica 1.80 Aug/16
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Kazakhstan 17.60 Aug/16
Kenya 6.34 Sep/16
Kosovo 0.00 Aug/16
Kuwait 2.90 Aug/16
Kyrgyzstan 0.50 Aug/16
Laos 1.97 Jul/16
Latvia 0.00 Aug/16
Lebanon -0.79 Aug/16
Lesotho 7.50 Jun/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.10 Aug/16
Lithuania 0.80 Aug/16
Luxembourg 0.16 Aug/16
Macau 1.65 Aug/16
Macedonia -0.30 Aug/16
Madagascar 6.70 Jul/16
Malawi 22.80 Aug/16
Malaysia 1.50 Aug/16
Maldives 0.10 Jul/16
Mali -3.70 Jul/16
Malta 1.00 Aug/16
Mauritania 1.60 Aug/16
Mauritius 0.90 Aug/16
Mexico 2.73 Aug/16
Moldova 3.60 Aug/16
Mongolia -0.20 Aug/16
Montenegro -0.50 Aug/16
Morocco 1.60 Aug/16
Mozambique 21.96 Aug/16
Myanmar 11.41 Dec/15
Namibia 6.80 Aug/16
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Netherlands 0.20 Aug/16
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Nigeria 17.60 Aug/16
North Korea 55.00 Jul/13
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Oman 1.34 Aug/16
Pakistan 3.56 Aug/16
Palestine 0.45 Aug/16
Panama 0.50 Aug/16
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Paraguay 3.20 Aug/16
Peru 3.13 Sep/16
Philippines 1.80 Aug/16
Poland -0.50 Sep/16
Portugal 0.70 Aug/16
Puerto Rico -1.40 Jul/16
Qatar 2.90 Aug/16
Republic of the Congo 3.70 Apr/15
Romania -0.20 Aug/16
Russia 6.90 Aug/16
Rwanda 7.50 Aug/16
Sao Tome and Principe 5.50 Jul/16
Saudi Arabia 3.30 Aug/16
Senegal 1.30 Aug/16
Serbia 1.20 Aug/16
Seychelles -1.60 Aug/16
Sierra Leone 8.77 Mar/16
Singapore -0.30 Aug/16
Slovakia -0.80 Aug/16
Slovenia 0.20 Sep/16
Somalia -4.00 Dec/14
South Africa 5.90 Aug/16
South Korea 0.40 Aug/16
South Sudan 729.70 Aug/16
Spain 0.30 Sep/16
Sri Lanka 3.90 Sep/16
Sudan 18.15 Aug/16
Suriname 63.80 Jun/16
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Sweden 1.10 Aug/16
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Taiwan 0.57 Aug/16
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Tanzania 4.90 Aug/16
Thailand 0.29 Aug/16
Togo -1.40 Aug/16
Trinidad and Tobago 3.10 Aug/16
Tunisia 3.80 Aug/16
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Uganda 4.20 Sep/16
Ukraine 8.40 Aug/16
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United Kingdom 0.60 Aug/16
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Venezuela 180.90 Dec/15
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Zambia 18.90 Sep/16
Zimbabwe -1.43 Aug/16