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

Consumer prices in Hong Kong increased 2.3 percent year-on-year in July of 2016, easing from a 2.4 percent rise in June. It was the fifth consecutive month of decrease in inflation rate as cost of private housing rentals increased at a slower pace and prices of women’s clothing dropped more. Netting out the effects of all Government's one-off relief measures, including payment and subsidies of public housing rentals and electricity charge subsidy, the inflation was 2 percent, also slightly lower than 2.1 percent in June. 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
2.30 2.40 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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-21 08:30 AM May 2.6% 2.7% 2.8% 2.7%
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 2.3% 2.7%
2016-10-20 08:30 AM Sep 2.8%
2016-11-22 08:30 AM Oct 2.7%

Hong Kong Inflation Rate Slows to 8-Month Low of 2.3%


Consumer prices in Hong Kong increased 2.3 percent year-on-year in July of 2016, easing from a 2.4 percent rise in June. It was the fifth consecutive month of decrease in inflation rate as cost of private housing rentals increased at a slower pace and prices of women’s clothing dropped more. Netting out the effects of all Government's one-off relief measures, including payment and subsidies of public housing rentals and electricity charge subsidy, the inflation was 2 percent, also slightly lower than 2.1 percent in June.

Year-on-year, prices increased at a slower pace for housing (4.2 percent compared to 4.4 percent in June); alcoholic drinks and tobacco (2.0 percent compared to 2.5 percent in June) and transport (0.6 percent compared to 1.3 percent). Inflation was steady for meals bought away from home (3.3 percent, the same as in June) and accelerated for miscellaneous services (2.8 percent compared to 2.6 percent in June); miscellaneous goods (2.0 percent compared to 1.5 percent in June) and food excluding meals bought away from home (1.9 percent compared to 1.8 percent in June). In contrast, prices fell for durable goods (-5.3 percent compared to -4.8 percent in June); clothing and footwear (-4.8 percent compared to -3.3 percent in June) and well as electricity, gas and water (-1.5 percent compared to -2.2 percent). 

Considering the first seven months of 2016, the CPI rose by 2.7 percent over a year earlier but netting out the effects of all Government's one-off relief measures, it went up at a slower 2.5 percent.

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
8/22/2016 9:58:23 AM

Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.40 16.00 -6.10 percent [+]
Consumer Price Index CPI 102.70 102.30 103.80 21.40 Index Points [+]
GDP Deflator 104.80 104.60 109.00 14.70 Index Points [+]
Producer Prices 103.80 102.40 114.50 84.70 Index Points [+]
Export Prices 98.20 97.80 104.10 54.50 Index Points [+]
Import Prices 97.00 97.00 103.20 52.70 Index Points [+]
Cpi Transportation 101.30 101.20 114.40 98.20 Index Points [+]
Food Inflation 2.80 2.70 8.20 -0.60 percent [+]
Inflation Rate Mom 0.39 0.00 3.10 -2.43 percent [+]
Producer Prices Change -2.80 -3.20 9.59 -6.20 percent [+]




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Afghanistan 7.37 Jul/16
Albania 1.90 Jul/16
Algeria 8.20 Jun/16
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Argentina 40.50 Apr/16
Armenia -1.30 Jul/16
Aruba -1.10 Jul/16
Australia 1.00 Jun/16
Austria 0.60 Jul/16
Azerbaijan 10.50 Jun/16
Bahamas 2.00 Dec/15
Bahrain 3.50 Jul/16
Bangladesh 5.40 Jul/16
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Belarus 12.20 Jul/16
Belgium 2.28 Jul/16
Belize 0.90 Jun/16
Benin -0.80 Jun/16
Bhutan 3.31 Jun/16
Bolivia 3.56 Jul/16
Bosnia and Herzegovina -1.00 Jul/16
Botswana 2.70 Jul/16
Brazil 8.74 Jul/16
Brunei -1.10 Jun/16
Bulgaria -0.20 Jul/16
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Burundi 3.90 Jun/16
Cambodia 3.09 May/16
Cameroon 0.64 Jun/16
Canada 1.30 Jul/16
Cape Verde -2.30 Jul/16
Cayman Islands -2.80 Mar/16
Central African Republic 38.04 Feb/16
Chad 0.80 Jun/16
Chile 4.00 Jul/16
China 1.80 Jul/16
Colombia 8.97 Jul/16
Comoros 1.40 Dec/14
Congo 5.52 Jul/16
Costa Rica 0.48 Jul/16
Croatia -1.50 Jul/16
Cuba 4.40 Dec/15
Cyprus -0.20 Jul/16
Czech Republic 0.50 Jul/16
Denmark 0.30 Jul/16
Djibouti 2.60 Mar/15
Dominican Republic 1.85 Jul/16
East Timor -1.70 May/16
Ecuador 1.58 Jul/16
Egypt 14.00 Jul/16
El Salvador 0.88 Jul/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia -0.10 Jul/16
Ethiopia 6.00 Jul/16
Euro Area 0.20 Jul/16
European Union 0.20 Jul/16
Fiji 5.50 Jul/16
Finland 0.50 Jul/16
France 0.20 Jul/16
Gabon 2.09 Feb/16
Gambia 6.67 Dec/15
Georgia 1.50 Jul/16
Germany 0.40 Jul/16
Ghana 16.70 Jul/16
Greece -1.00 Jul/16
Guatemala 4.62 Jul/16
Guinea 8.20 May/16
Guinea Bissau 3.00 Jun/16
Guyana 0.40 Jun/16
Haiti 13.90 Jun/16
Honduras 2.40 Jul/16
Hong Kong 2.30 Jul/16
Hungary -0.30 Jul/16
Iceland 1.10 Jul/16
India 6.07 Jul/16
Indonesia 3.21 Jul/16
Iran 8.10 Jul/16
Iraq 0.10 Jun/16
Ireland 0.50 Jul/16
Israel -0.60 Jul/16
Italy -0.10 Jul/16
Ivory Coast 0.40 Jul/16
Jamaica 2.20 Jul/16
Japan -0.40 Jun/16
Jordan -0.40 Jul/16
Kazakhstan 17.70 Jul/16
Kenya 6.40 Jul/16
Kosovo 0.00 Jul/16
Kuwait 3.10 Jun/16
Kyrgyzstan 1.20 Jul/16
Laos 1.97 Jul/16
Latvia 0.10 Jul/16
Lebanon -0.48 Jul/16
Lesotho 7.50 Jun/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.20 Jul/16
Lithuania 0.50 Jul/16
Luxembourg -0.03 Jul/16
Macau 2.08 Jul/16
Macedonia -0.30 Jul/16
Madagascar 6.40 Jun/16
Malawi 23.50 Jul/16
Malaysia 1.10 Jul/16
Maldives -0.20 Jun/16
Mali -3.70 Jul/16
Malta 0.90 Jul/16
Mauritania 0.90 Apr/16
Mauritius 1.00 Jul/16
Mexico 2.65 Jul/16
Moldova 7.00 Jul/16
Mongolia 0.90 Jul/16
Montenegro -0.60 Jul/16
Morocco 1.60 Jul/16
Mozambique 20.68 Jul/16
Myanmar 11.41 Dec/15
Namibia 7.00 Jul/16
Nepal 11.10 Jun/16
Netherlands -0.30 Jul/16
New Caledonia 0.80 Jul/16
New Zealand 0.40 Jun/16
Nicaragua 4.10 Jul/16
Niger 0.10 Jul/16
Nigeria 16.50 Jun/16
North Korea 55.00 Jul/13
Norway 4.40 Jul/16
Oman 1.30 Jul/16
Pakistan 4.12 Jul/16
Palestine 0.34 Jul/16
Panama 0.10 Jul/16
Papua New Guinea 6.50 Mar/16
Paraguay 2.90 Jul/16
Peru 2.96 Jul/16
Philippines 1.90 Jul/16
Poland -0.90 Jul/16
Portugal 0.60 Jul/16
Puerto Rico 0.20 Jun/16
Qatar 2.80 Jul/16
Republic of the Congo 3.70 Apr/15
Romania -0.80 Jul/16
Russia 7.20 Jul/16
Rwanda 7.80 Jul/16
Sao Tome and Principe 5.50 Jul/16
Saudi Arabia 3.80 Jul/16
Senegal 1.40 Jun/16
Serbia 1.20 Jul/16
Seychelles -0.70 Jul/16
Sierra Leone 8.77 Mar/16
Singapore -0.70 Jul/16
Slovakia -0.90 Jul/16
Slovenia 0.20 Jul/16
Somalia -4.00 Dec/14
South Africa 6.30 Jun/16
South Korea 0.70 Jul/16
South Sudan 661.30 Jul/16
Spain -0.60 Jul/16
Sri Lanka 5.50 Jul/16
Sudan 16.50 Jul/16
Suriname 63.80 Jun/16
Swaziland 7.50 Jun/16
Sweden 1.10 Jul/16
Switzerland -0.20 Jul/16
Syria 48.09 Dec/15
Taiwan 1.23 Jul/16
Tajikistan 6.00 Jul/16
Tanzania 5.10 Jul/16
Thailand 0.10 Jul/16
Togo 2.10 Jul/16
Trinidad and Tobago 3.40 Jun/16
Tunisia 3.70 Jul/16
Turkey 8.79 Jul/16
Turkmenistan 7.00 Dec/15
Uganda 5.10 Jul/16
Ukraine 7.90 Jul/16
United Arab Emirates 1.76 Jun/16
United Kingdom 0.60 Jul/16
United States 0.80 Jul/16
Uruguay 10.05 Jul/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.57 Aug/16
Yemen 9.49 Nov/14
Zambia 20.20 Jul/16
Zimbabwe -1.60 Jul/16