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

The inflation rate in Hong Kong was recorded at 6.60 percent in September 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.


Hong Kong Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.60 3.90 16.00 -6.10 1981 - 2014 Percent Monthly
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 Saturday, October 25, 2014.

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.

In September, the year-on-year price increases were recorded for: electricity, gas and water (25.7 percent), mainly because some households had used up the full amount of Government's one-off electricity charge subsidy and housing (13.5 percent) due to the temporary low base effect created by the Government's payment of public housing rentals in September last year.
Also, the rise was reported  for the cost of alcoholic drinks and tobacco (7.7 percent), mainly due to the increase of tobacco duty; meals bought away from home (4.6 percent); food (excluding meals bought away from home) (2.7 percent); miscellaneous services (2.1 percent); miscellaneous goods (1.9 percent) and transport (1.8 percent). 

On the other hand, price of durable goods decreased 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 September 2014 was 3.3 percent, slightly larger than that in August (3.2 percent), mainly due to the upward adjustment in public housing rentals.

A Government spokesman commented that, looking ahead, inflation should remain contained in the near term, given the moderate local cost pressures and modest rise in import prices. Nevertheless, the Government will continue to monitor the inflation developments closely and stay vigilant to their impact on the lower-income people.

Census and Statistics Department | Carolina Cunha | Carolina.cunha@tradingeconomics.com
10/21/2014 12:23:15 PM

Recent Releases

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

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. Published on 2014-08-21

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 3.9% 4.0% 3.64%
2014-10-21 09:30 AM Hong Kong
Inflation Rate YoY
Sep 2014 6.60% 3.9% 3.6% 3.89%
2014-11-20 09:30 AM Hong Kong
Inflation Rate YoY
Oct 2014 6.6% 4.41%

Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 6.60 3.90 16.00 -6.10 Percent [+]
Consumer Price Index CPI 121.20 117.60 121.20 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 [+]
Food Inflation 2.70 4.14 8.88 -0.81 Percent [+]
Inflation Rate Mom 3.10 -2.30 3.10 -2.42 Percent [+]