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

Consumer prices in Hong Kong fell by 0.1 percent year-on-year in February 2017, compared to a 1.3 percent rise in the previous month. It is the first decrease since August of 2009 due to several factors: difference in the timing of the Lunar New Year, which fell in late January this year but in early February last year; high base of comparison a year earlier when prices of basic foodstuffs surged because of bad weather conditions and downward adjustment in electricity charges. Taking the first two months of 2017 together to neutralise the effect of the Lunar New Year, consumer prices rose by 0.6 percent over a year earlier. Inflation Rate in Hong Kong averaged 4.46 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)
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 -0.1% 1.3% 1%
2017-04-21 08:30 AM Mar -0.1% 0.4%
2017-05-23 08:30 AM Apr 0.9%
2017-06-20 08:30 AM May 1.2%




Hong Kong Consumer Prices Fall For 1st Time In 7-1/2 Years


Consumer prices in Hong Kong fell by 0.1 percent year-on-year in February 2017, compared to a 1.3 percent rise in the previous month. It is the first decrease since August of 2009 due to several factors: difference in the timing of the Lunar New Year, which fell in late January this year but in early February last year; high base of comparison a year earlier when prices of basic foodstuffs surged because of bad weather conditions and downward adjustment in electricity charges. Taking the first two months of 2017 together to neutralise the effect of the Lunar New Year, consumer prices rose by 0.6 percent over a year earlier.

Year-on-year, decreases in prices were recorded for electricity, gas and water (-7.5 percent vs -7.6 percent in January); food (excluding meals bought away from home) (-3.7 percent vs 2.3 percent); durable goods (-3.7 percent vs -3.9 percent); clothing and footwear (-3.3 percent vs -2.9 percent) and miscellaneous services (-1.1 percent vs 3.6 percent). In contrast, increases were seen for transport (3.1 percent vs 2.4 percent), meals bought away from home (2.8 percent vs 3.1 percent), alcoholic drinks and tobacco (2.7 percent vs 1.6 percent) and miscellaneous goods (2.5 percent vs 2.4 percent).

Underlying consumer prices, which exclude the effects of one-off government relief measures went up 0.7 percent compared to 2.1 percent in January as the difference in the timing of the Lunar New Year resulted in lower charges for package tours. Another downward pressure came from falling prices of fresh vegetables.

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
3/21/2017 2:09:40 PM



Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate -0.10 1.30 16.00 -6.10 percent [+]
Consumer Price Index CPI 103.70 103.80 103.80 21.40 Index Points [+]
GDP Deflator 106.90 105.90 109.00 14.70 Index Points [+]
Producer Prices 106.50 107.40 114.50 84.70 Index Points [+]
Export Prices 99.50 99.60 104.10 54.50 Index Points [+]
Import Prices 98.40 99.10 103.20 52.70 Index Points [+]
Cpi Transportation 116.50 103.10 116.50 98.20 Index Points [+]
Food Inflation 0.40 2.80 8.20 -0.60 percent [+]
Inflation Rate Mom 0.00 0.20 3.10 -2.43 percent [+]
Producer Prices Change 4.00 3.90 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 1.30 16.00 -6.10 1981 - 2017 percent Monthly
2009/2010=100



Last
Afghanistan 4.10 Feb/17
Albania 2.20 Feb/17
Algeria 8.21 Jan/17
Angola 39.45 Feb/17
Argentina 40.50 Apr/16
Armenia -0.20 Feb/17
Aruba -0.40 Jan/17
Australia 1.50 Dec/16
Austria 2.20 Feb/17
Azerbaijan 12.50 Feb/17
Bahamas 0.80 Dec/16
Bahrain 0.40 Feb/17
Bangladesh 5.30 Feb/17
Barbados 0.00 Sep/16
Belarus 7.00 Feb/17
Belgium 2.97 Feb/17
Belize 0.90 Jan/17
Benin -0.90 Jan/17
Bhutan 3.71 Dec/16
Bolivia 3.46 Feb/17
Bosnia and Herzegovina 0.70 Jan/17
Botswana 3.40 Feb/17
Brazil 4.76 Feb/17
Brunei -0.20 Feb/17
Bulgaria 1.70 Feb/17
Burkina Faso -1.70 Dec/16
Burundi 12.90 Jan/17
Cambodia 3.87 Dec/16
Cameroon 0.55 Sep/17
Canada 2.00 Feb/17
Cape Verde -1.30 Jan/17
Cayman Islands 0.60 Dec/16
Central African Republic 38.04 Feb/16
Chad -4.40 Oct/16
Chile 2.70 Feb/17
China 0.80 Feb/17
Colombia 5.18 Feb/17
Comoros 1.40 Dec/14
Congo 33.89 Jan/17
Costa Rica 1.09 Feb/17
Croatia 1.40 Feb/17
Cuba 4.50 Dec/16
Cyprus 1.70 Feb/17
Czech Republic 2.50 Feb/17
Denmark 1.00 Feb/17
Djibouti 2.40 Dec/16
Dominican Republic 3.34 Feb/17
East Timor 0.20 Feb/17
Ecuador 0.96 Feb/17
Egypt 30.20 Feb/17
El Salvador 0.29 Feb/17
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 3.40 Feb/17
Ethiopia 7.00 Feb/17
Euro Area 2.00 Feb/17
European Union 1.90 Feb/17
Fiji 5.50 Feb/17
Finland 1.20 Feb/17
France 1.20 Feb/17
Gabon 2.09 Feb/16
Gambia 7.43 Sep/16
Georgia 5.50 Feb/17
Germany 2.20 Feb/17
Ghana 13.20 Feb/17
Greece 1.30 Feb/17
Guatemala 3.96 Feb/17
Guinea 8.70 Dec/16
Guinea Bissau 1.60 Dec/16
Guyana 1.40 Dec/16
Haiti 14.10 Jan/17
Honduras 3.84 Feb/17
Hong Kong -0.10 Feb/17
Hungary 2.90 Feb/17
Iceland 1.90 Feb/17
India 3.65 Feb/17
Indonesia 3.83 Feb/17
Iran 9.60 Jan/17
Iraq -0.80 Feb/17
Ireland 0.50 Feb/17
Israel 0.40 Feb/17
Italy 1.60 Feb/17
Ivory Coast 1.50 Feb/17
Jamaica 3.60 Feb/17
Japan 0.40 Jan/17
Jordan 4.60 Feb/17
Kazakhstan 7.80 Feb/17
Kenya 9.04 Feb/17
Kosovo 1.70 Feb/17
Kuwait 3.29 Jan/17
Kyrgyzstan 1.30 Feb/17
Laos 2.27 Jan/17
Latvia 3.30 Feb/17
Lebanon 4.93 Feb/17
Lesotho 5.30 Dec/16
Liberia 8.50 Sep/16
Libya 29.40 Sep/16
Liechtenstein 0.60 Feb/17
Lithuania 3.00 Feb/17
Luxembourg 1.80 Feb/17
Macau 0.37 Feb/17
Macedonia 0.20 Feb/17
Madagascar 7.00 Dec/16
Malawi 16.10 Feb/17
Malaysia 4.50 Feb/17
Maldives 2.00 Jan/17
Mali -0.80 Dec/16
Malta 1.20 Feb/17
Mauritania 2.80 Dec/16
Mauritius 1.30 Feb/17
Mexico 4.86 Feb/17
Moldova 4.70 Feb/17
Mongolia 2.10 Feb/17
Montenegro 2.50 Feb/17
Morocco 1.60 Feb/17
Mozambique 20.88 Feb/17
Myanmar 11.19 Jun/16
Namibia 7.80 Feb/17
Nepal 3.20 Jan/17
Netherlands 1.80 Feb/17
New Caledonia 0.90 Jan/17
New Zealand 1.30 Dec/16
Nicaragua 3.69 Feb/17
Niger -2.20 Dec/16
Nigeria 17.78 Feb/17
North Korea 55.00 Jul/13
Norway 2.50 Feb/17
Oman 2.38 Feb/17
Pakistan 4.22 Feb/17
Palestine 0.62 Feb/17
Panama 1.90 Feb/17
Papua New Guinea 6.80 Sep/16
Paraguay 2.30 Feb/17
Peru 3.25 Feb/17
Philippines 3.30 Feb/17
Poland 2.20 Feb/17
Portugal 1.60 Feb/17
Puerto Rico 0.70 Jan/17
Qatar 0.70 Feb/17
Republic of the Congo 3.70 Apr/15
Romania 0.20 Feb/17
Russia 4.60 Feb/17
Rwanda 13.40 Feb/17
Sao Tome and Principe 4.90 Feb/17
Saudi Arabia -0.10 Feb/17
Senegal 2.00 Feb/17
Serbia 3.20 Feb/17
Seychelles -0.60 Feb/17
Sierra Leone 15.26 Nov/16
Singapore 0.70 Feb/17
Slovakia 1.20 Feb/17
Slovenia 2.20 Feb/17
Somalia -4.00 Dec/14
South Africa 6.30 Feb/17
South Korea 1.90 Feb/17
South Sudan 479.70 Dec/16
Spain 3.00 Feb/17
Sri Lanka 6.80 Feb/17
Sudan 32.86 Jan/17
Suriname 52.40 Dec/16
Swaziland 8.70 Dec/16
Sweden 1.80 Feb/17
Switzerland 0.60 Feb/17
Syria 51.10 Aug/16
Taiwan -0.04 Feb/17
Tajikistan 5.30 Jan/17
Tanzania 5.50 Feb/17
Thailand 1.44 Feb/17
Togo -1.40 Jan/17
Trinidad and Tobago 2.90 Nov/16
Tunisia 4.60 Feb/17
Turkey 10.13 Feb/17
Turkmenistan 6.17 Dec/16
Uganda 6.70 Feb/17
Ukraine 14.20 Feb/17
United Arab Emirates 2.30 Jan/17
United Kingdom 2.30 Feb/17
United States 2.70 Feb/17
Uruguay 7.10 Feb/17
Uzbekistan 5.70 Dec/16
Venezuela 800.00 Dec/16
Vietnam 5.02 Feb/17
Yemen 9.49 Nov/14
Zambia 6.80 Feb/17
Zimbabwe 0.06 Feb/17