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

The inflation rate in Hong Kong was recorded at 5.20 percent in October 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.

   
  Forecast  

Hong Kong Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
5.20 6.60 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 Sunday, November 23, 2014.


Hong Kong Inflation Rate Eases to 5.2%


Hong Kong’s annual inflation slowed to 5.2 percent in October of 2014 from a 14-month high of 6.6 percent in September.

The larger increase in September was due to the low base of comparison arising from the Government's payment of public housing rentals in September of 2013, and such effect did not come into play in October.

Year-on-year, the biggest price increases were recorded for electricity, gas and water (26.1 percent), mainly because some households had used up the full amount of Government's one-off electricity charge subsidy); housing (8.5 percent), due mainly to dissipation of effect of rates concession in October; alcoholic drinks and tobacco (7.5 percent), mainly due to the increase of tobacco duty); meals bought away from home (4.6 percent); food (excluding meals bought away from home) (3.6 percent); miscellaneous services (2.1 percent); transport (1.9 percent) and miscellaneous goods (1.9 percent).

Year-on-year price decreases were recorded for durable goods (-3.6 percent) and clothing and footwear (-0.6 percent).

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
11/20/2014 11:43:31 AM


Recent Releases

Hong Kong Inflation Rate At 14-Month High
Hong Kong’s annual inflation rate rose by 6.6 percent in September 2014 from 3.9 percent in August mainly due to the low base of comparison resulted from the Government’s payment of public housing rentals in September last year. Published on 2014-10-21

Hong Kong Inflation Rate Slows Slightly
Hong Kong annual inflation rate eased to 3.9 percent in August of 2014 from 4 percent in July due to lower rental cost pressures and a modest rise in import prices. Published on 2014-09-22


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-22 09:30 AM
Inflation Rate YoY  Aug 2014
3.9% 4.0% 3.64%
2014-10-21 09:30 AM
Inflation Rate YoY  Sep 2014
6.60% 3.9% 3.6% 3.89%
2014-11-20 08:30 AM
Inflation Rate YoY  Oct 2014
5.2% 6.6% 6.5%
2014-12-23 08:30 AM
Inflation Rate YoY  Nov 2014
5.2% 4.41%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 5.20 6.60 16.00 -6.10 percent [+]
Consumer Price Index CPI 122.90 121.20 122.90 26.30 Index Points [+]
GDP Deflator 105.50 102.10 122.80 16.60 Index Points [+]
Producer Prices 109.20 107.40 114.50 84.70 Index Points [+]
Export Prices 116.50 115.20 116.50 61.70 Index Points [+]
Import Prices 116.20 114.90 116.20 59.30 Index Points [+]
Food Inflation 2.70 4.14 8.88 -0.81 percent [+]
Inflation Rate Mom 1.40 3.10 3.10 -2.42 percent [+]