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

Consumer prices in Hong Kong went up by 1.3 percent year-on-year in January 2017, compared to a 1.2 percent rise in the previous month. It is the highest rate inflation since September 2016 mainly due to rising transport cost, namely package tours as the Lunar New Year fell in late January this year but in early February last year. This largely offset a fall in electricity charges and lower food inflation. Inflation Rate in Hong Kong averaged 4.47 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-20 08:30 AM Nov 1.2% 1.2% 1.5%
2017-01-23 08:30 AM Dec 1.2% 1.2% 1.5%
2017-02-21 08:30 AM Jan 1.3% 1.2% 1.8%
2017-03-21 08:30 AM Feb 1.3% 1.01%
2017-04-21 08:30 AM Mar 0.91%
2017-05-23 08:30 AM Apr 0.85%




Hong Kong Inflation Rate Rises To 1.3% In January


Consumer prices in Hong Kong went up by 1.3 percent year-on-year in January 2017, compared to a 1.2 percent rise in the previous month. It is the highest rate inflation since September 2016, mainly due to rising transport cost, namely package tours as the Lunar New Year fell in late January this year but in early February last year. This largely offset a fall in electricity charges and lower food inflation.

Year-on-year, prices increased at a faster pace for transport (2.4 percent from 2 percent) and miscellaneous goods (3.6 percent from 2.3 percent). Housing rose 0.3 percent (the same as in December) and food went up at a slower pace (2.8 percent from 3.1 percent).

By contrast, cost fell for electricity, gas and water (-7.6 percent from -0.3 percent in December), clothing and footwear ( -2.9 percent from -0.3 percent), and durable goods (-3.9 percent from -5.2 percent).

Meanwhile, underlying consumer prices, which exclude the effects of one-off government relief measures went up 2.1 percent compared to 2 percent in December mainly due to higher charges for package tours around Lunar New Year.

Inflationary pressures are expected be contained in the near term given the soft import prices and moderate local cost increases, a government spokesman commented.

Census and Statistics Department | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/21/2017 12:12:47 PM



Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.20 16.00 -6.10 percent [+]
Consumer Price Index CPI 103.80 103.80 103.80 21.40 Index Points [+]
GDP Deflator 106.90 105.90 109.00 14.70 Index Points [+]
Producer Prices 107.40 106.60 114.50 84.70 Index Points [+]
Export Prices 99.60 99.10 104.10 54.50 Index Points [+]
Import Prices 99.10 98.40 103.20 52.70 Index Points [+]
Cpi Transportation 103.10 102.50 114.40 98.20 Index Points [+]
Food Inflation 2.80 3.10 8.20 -0.60 percent [+]
Inflation Rate Mom 0.20 0.30 3.10 -2.43 percent [+]
Producer Prices Change 3.90 0.40 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.20 16.00 -6.10 1981 - 2017 percent Monthly
2009/2010=100



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Latvia 2.90 Jan/17
Lebanon 4.68 Jan/17
Lesotho 5.30 Dec/16
Liberia 8.50 Sep/16
Libya 29.40 Sep/16
Liechtenstein 0.30 Jan/17
Lithuania 2.30 Jan/17
Luxembourg 1.70 Jan/17
Macau 1.76 Jan/17
Macedonia 0.60 Jan/17
Madagascar 7.00 Dec/16
Malawi 18.20 Jan/17
Malaysia 3.20 Jan/17
Maldives 1.80 Dec/16
Mali -0.80 Dec/16
Malta 1.40 Jan/17
Mauritania 2.80 Dec/16
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Mexico 4.72 Jan/17
Moldova 3.00 Jan/17
Mongolia 3.30 Jan/17
Montenegro 2.00 Jan/17
Morocco 2.10 Jan/17
Mozambique 20.56 Jan/17
Myanmar 11.38 May/16
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New Caledonia 0.60 Dec/16
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Nigeria 18.72 Jan/17
North Korea 55.00 Jul/13
Norway 2.80 Jan/17
Oman 1.80 Jan/17
Pakistan 3.66 Jan/17
Palestine -0.26 Jan/17
Panama 1.60 Jan/17
Papua New Guinea 6.80 Sep/16
Paraguay 1.90 Jan/17
Peru 3.10 Jan/17
Philippines 2.70 Jan/17
Poland 1.80 Jan/17
Portugal 1.30 Jan/17
Puerto Rico 0.50 Dec/16
Qatar 1.20 Jan/17
Republic of the Congo 3.70 Apr/15
Romania 0.10 Jan/17
Russia 5.00 Jan/17
Rwanda 12.00 Jan/17
Sao Tome and Principe 4.70 Jan/17
Saudi Arabia -0.40 Jan/17
Senegal 1.80 Jan/17
Serbia 2.40 Jan/17
Seychelles -0.60 Jan/17
Sierra Leone 15.26 Nov/16
Singapore 0.60 Jan/17
Slovakia 0.70 Jan/17
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Somalia -4.00 Dec/14
South Africa 6.60 Jan/17
South Korea 2.00 Jan/17
South Sudan 479.70 Dec/16
Spain 3.00 Feb/17
Sri Lanka 5.60 Jan/17
Sudan 30.47 Dec/16
Suriname 52.40 Dec/16
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Switzerland 0.30 Jan/17
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Taiwan 2.25 Jan/17
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Tunisia 4.60 Jan/17
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