Hong Kong Inflation Rate 1981-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Hong Kong was recorded at 3.10 percent in June of 2015. Inflation Rate in Hong Kong averaged 4.57 percent from 1981 until 2015, 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
3.10 3.00 16.00 -6.10 1981 - 2015 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. Content for - Hong Kong Inflation Rate - was last refreshed on Wednesday, August 5, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-21 09:30 AM Apr 2.8% 4.5% 4.47%
2015-06-22 09:30 AM May 3% 2.8% 2.9%
2015-07-21 09:30 AM Jun 3.1% 3% 3.1%
2015-08-20 09:30 AM Jul 3.1% 3.09%
2015-09-21 09:30 AM Aug 2.73%
2015-10-22 09:30 AM Sep 2.77%


Hong Kong Inflation Rate Edges Up in June


Hong Kong annual inflation rate increased to 3.1 percent in June of 2015 from a 3 percent growth in the previous month, as cost of utilities and housing rose the most.

Year-on-year increases in prices were recorded for: electricity, gas and water (+25.0 percent); housing (+4.3 percent); meals bought away from home (+4.2 percent); food (excluding meals bought away from home) (+4.2 percent); miscellaneous services (+0.8 percent); miscellaneous goods (+1.3 percent). In contrast, downward pressure came from: durable goods prices (-5.8 percent); and clothing and footwear cost (-2.6 percent); alcoholic drinks and tobacco (-0.5 percent). As for transport, the Composite CPI fell by 0.3 percent.

Netting out the effects of all Government's one-off relief measures, the inflation rate was 2.6 percent, the same as in the previous month, mainly due to increases in the prices of salt-water fish.

On a monthly basis, the composite consumer price index grew by 0.2 percent, the same increase as in the previous month.

Looking ahead, given the mild imported inflation and modest growth pace of the local economy, consumer price pressures should remain contained in the near term, a Government spokesman commented.

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/21/2015 9:52:29 AM


Recent Releases

Hong Kong Inflation Rate Edges Up in May
Hong Kong annual inflation rate increased to 3 percent in May of 2015 from a 2.8 percent growth in the previous month, as cost of utilities and housing rose the most.
Published on 2015-06-22

Hong Kong Inflation Rate at Nearly 3-Year Low in April
Hong Kong annual inflation rate fell to 2.8 percent in April of 2015 from 4.5 percent in the previous month, mainly affected by the Government's relief measure of rates concession for April to September 2015. It was the lowest since July of 2012.
Published on 2015-05-21

Hong Kong Inflation Rate Edges Down in March
Hong Kong annual inflation rate slightly decreased to 4.5 percent in March of 2015 from 4.6 percent in the previous month, mainly due to a decline in prices of durable goods.
Published on 2015-04-21

Hong Kong Inflation Rate Rises in February
Hong Kong annual inflation rate increased to 4.6 percent in February from 4.1 percent in the previous month due to higher housing, food and utilities cost.
Published on 2015-03-20


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 3.10 3.00 16.00 -6.10 percent [+]
Consumer Price Index CPI 123.60 122.90 124.30 26.30 Index Points [+]
GDP Deflator 105.70 104.80 122.80 16.60 Index Points [+]
Producer Prices 106.80 105.80 114.50 84.70 Index Points [+]
Export Prices 102.80 101.70 104.10 54.50 Index Points [+]
Import Prices 101.90 100.90 103.20 52.70 Index Points [+]
Food Inflation 4.20 3.70 8.20 -0.60 percent [+]
Inflation Rate Mom 0.16 0.16 3.10 -2.42 percent [+]
Producer Prices Change -0.56 -1.21 9.59 -6.20 Index points [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 8.89 Jun/15 8.47 6821.31 1.65 percent [+]
Canada 1.00 Jun/15 0.90 21.60 -17.80 percent [+]
China 1.40 Jun/15 1.20 28.40 -2.20 percent [+]
Euro Area 0.20 Jul/15 0.20 5.00 -0.70 percent [+]
France 0.30 Jun/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Jul/15 0.30 11.54 -7.62 percent [+]
India 5.40 Jun/15 5.01 11.16 4.38 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Jul/15 0.20 25.64 -0.60 percent [+]
Japan 0.40 Jun/15 0.50 25.00 -2.52 percent [+]
Mexico 2.87 Jun/15 2.88 179.73 2.87 percent [+]
Netherlands 1.00 Jun/15 1.10 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain 0.00 Jul/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.00 Jun/15 0.10 8.50 -0.10 percent [+]
United States 0.10 Jun/15 0.00 23.70 -15.80 percent [+]