Hong Kong Inflation Rate 1981-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Hong Kong was recorded at 4 percent in July of 2014. Inflation Rate in Hong Kong averaged 4.58 Percent from 1981 until 2014, 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.

   
 
 
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Hong Kong Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.00 3.60 16.00 -6.10 1981 - 2014 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 - Hong Kong Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Hong Kong Inflation Rate - was last refreshed on Tuesday, September 2, 2014.


Hong Kong Inflation Rate Edges Up in July


Hong Kong’s annual inflation rate accelerated to 4 percent in July of 2014 from 3.6 percent in June. It is the highest rate since January, driven by higher utilities cost, as some households had used up the full amount of the Government's one-off electricity charge subsidy.

Year-on-year price increases were recorded in July 2014 for electricity, gas and water (24.8 percent), mainly because some households had used up the full amount of Government’s one-off electricity charge subsidy); alcoholic drinks and tobacco (7.0 percent), mainly due to the increase of tobacco duty; housing (4.6 percent); meals bought away from home (4.4 percent); food (excluding meals bought away from home) (3.5 percent); miscellaneous goods (2.9 percent)); miscellaneous services (2.7 percent); transport (2.3 percent) and clothing and footwear (2.0 percent).  

On the other hand, decrease in prices was recorded for durable goods (-3.1 percent).  

Netting out the effects of all Government's one-off relief measures, the year-on-year rate of increase in the inflation rate in July 2014 was 3.3 percent, slightly smaller than that in June (3.4 percent), mainly due to the smaller increases in private housing rentals as well as the charges for package tours. 

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
8/21/2014 9:58:16 AM


Recent Releases

Hong Kong Inflation Rate Slows in June
The annual inflation rate in Hong Kong edged down to 3.6 percent in June of 2014, the lowest rate in nearly one year and a half, due to a moderated rise in cost of private housing rentals. Published on 2014-07-21

Hong Kong Inflation Rate Steady in May
The annual inflation rate in Hong Kong was recorded at 3.7 percent in May of 2014, unchanged from the previous month. This is the lowest rate since December of 2013. Netting out the effects of all Government's one-off relief measures, the yoy inflation rate was 3.5 percent in May of 2014, unchanged from April. Published on 2014-06-23


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-22 09:30 AM Hong Kong
Inflation Rate YoY
Apr 2014 3.7% 3.9% 3.9% 4.16%
2014-06-23 09:30 AM Hong Kong
Inflation Rate YoY
May 2014 3.7% 3.7% 3.79%
2014-07-21 09:30 AM Hong Kong
Inflation Rate YoY
Jun 2014 3.6% 3.7% 3.6% 3.79%
2014-08-21 09:30 AM Hong Kong
Inflation Rate YoY
Jul 2014 4.0% 3.6% 3.5% 3.7%
2014-09-22 09:30 AM Hong Kong
Inflation Rate YoY
Aug 2014 4.0% 4.45%


Prices Last Previous Highest Lowest Unit
Inflation Rate 4.00 3.60 16.00 -6.10 Percent [+]
Consumer Price Index (CPI) 120.50 119.30 120.50 26.30 Index Points [+]
GDP Deflator 102.30 103.40 122.80 16.60 Index Points [+]
Producer Prices 107.40 107.10 114.50 84.70 Index Points [+]
Export Prices 114.60 114.10 115.20 61.70 Index Points [+]
Import Prices 114.20 113.50 115.10 59.30 Index Points [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.50 Jul/14 6.52 6821.31 1.65 Percent [+]
Canada 2.10 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.30 Jul/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.50 Jul/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.96 Jul/14 7.31 11.16 7.31 Percent [+]
Indonesia 3.99 Aug/14 4.53 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 25.00 -2.52 Percent [+]
Mexico 4.07 Jul/14 3.75 179.73 2.91 Percent [+]
Netherlands 0.89 Jul/14 0.93 11.19 -1.30 Percent [+]
Russia 7.50 Jul/14 7.80 2333.30 3.60 Percent [+]
South Korea 1.60 Jul/14 1.70 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.00 Jul/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.32 Jul/14 9.16 138.71 -4.01 Percent [+]
United Kingdom 1.60 Jul/14 1.90 8.50 0.50 Percent [+]
United States 2.00 Jul/14 2.10 23.70 -15.80 Percent [+]





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