Hong Kong Inflation Rate  1981-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Hong Kong increased by 1.2 percent year-on-year in October 2016, easing from a 2.7 percent gain the previous month. It was the lowest inflation rate since January 2010, mainly due to a slowdown in housing prices growth. Meanwhile, underlying consumer prices, which exclude the effects of one-off government relief measures, went up 2.1 percent, following a 2.3 percent gain in September. Inflation Rate in Hong Kong averaged 4.49 percent from 1981 until 2016, reaching an all time high of 16.00 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)
2016-09-22 08:30 AM Aug 4.3% 2.3% 2.1%
2016-10-20 08:30 AM Sep 2.7% 4.3% 3%
2016-11-22 08:30 AM Oct 1.2% 2.7% 2%
2016-12-20 08:30 AM Nov 1.2% 1.5%
2017-01-21 08:30 AM Dec
2017-02-23 08:30 AM Jan




Hong Kong Inflation Rate Falls to Nearly 7-Year Low


Consumer prices in Hong Kong increased by 1.2 percent year-on-year in October 2016, easing from a 2.7 percent gain the previous month. It was the lowest inflation rate since January 2010, mainly due to a slowdown in housing prices growth.

Year-on-year, prices increased at a slower pace for housing (+0.5 percent compared to +4.2 percent in September), as cost of public housing rent dropped sharply (-5.6 percent from +11.5 percent) while that of private housing rent went up (+0.7 percent from +3.8 percent); food (+2.6 percent from +2.7 percent); electricity, gas and water (+4.9 percent from +10.3 percent); miscellaneous services (+1.6 percent from +2.1 percent); and miscellaneous goods (+1.6 percent from +2.2 percent). Additional upward pressure came from transport (+2.4 percent from +1.7 percent).

By contrast, cost fell for durable goods (-4.9 percent from -5.4 percent) and clothing and footwear (-2.4 percent from -3.6 percent).

Meanwhile, underlying consumer prices, which exclude the effects of one-off government relief measures, went up 2.1 percent, following a 2.3 percent gain in September.

Taking the first ten months of 2016 together, the consumer price index rose by 2.7 percent over a year earlier. Netting out the effects of all Government's one-off relief measures, it rose by 2.4 percent.

Looking ahead, inflation pressure should remain moderate in the near term, given muted imported inflation and tame local cost pressures, a spokesman commented.

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/22/2016 9:58:19 AM



Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 2.70 16.00 -6.10 percent [+]
Consumer Price Index CPI 103.30 103.10 103.80 21.40 Index Points [+]
GDP Deflator 105.90 104.90 109.00 14.70 Index Points [+]
Producer Prices 106.60 103.80 114.50 84.70 Index Points [+]
Export Prices 98.40 98.30 104.10 54.50 Index Points [+]
Import Prices 98.20 98.30 103.20 52.70 Index Points [+]
Cpi Transportation 102.50 102.60 114.40 98.20 Index Points [+]
Food Inflation 2.60 2.70 8.20 -0.60 percent [+]
Inflation Rate Mom 0.20 0.30 3.10 -2.43 percent [+]
Producer Prices Change -2.80 -3.20 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 2.70 16.00 -6.10 1981 - 2016 percent Monthly
2009/2010=100



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Laos 1.84 Sep/16
Latvia 1.30 Nov/16
Lebanon 1.13 Oct/16
Lesotho 5.70 Oct/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 1.00 Nov/16
Luxembourg 0.54 Nov/16
Macau 1.33 Oct/16
Macedonia -0.20 Nov/16
Madagascar 6.70 Sep/16
Malawi 20.10 Oct/16
Malaysia 1.40 Oct/16
Maldives 0.40 Sep/16
Mali -3.50 Aug/16
Malta 0.50 Oct/16
Mauritania 2.60 Oct/16
Mauritius 2.20 Nov/16
Mexico 3.31 Nov/16
Moldova 2.50 Oct/16
Mongolia -0.10 Oct/16
Montenegro 0.20 Oct/16
Morocco 1.60 Oct/16
Mozambique 25.53 Oct/16
Myanmar 10.67 Mar/16
Namibia 7.30 Oct/16
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Netherlands 0.60 Nov/16
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New Zealand 0.40 Sep/16
Nicaragua 3.30 Nov/16
Niger -0.60 Oct/16
Nigeria 18.30 Oct/16
North Korea 55.00 Jul/13
Norway 3.50 Nov/16
Oman 2.04 Oct/16
Pakistan 3.81 Nov/16
Palestine -1.67 Oct/16
Panama 1.40 Oct/16
Papua New Guinea 6.80 Jun/16
Paraguay 4.20 Nov/16
Peru 3.35 Nov/16
Philippines 2.50 Nov/16
Poland 0.00 Nov/16
Portugal 0.90 Oct/16
Puerto Rico -0.40 Oct/16
Qatar 2.20 Oct/16
Republic of the Congo 3.70 Apr/15
Romania -0.40 Oct/16
Russia 5.80 Nov/16
Rwanda 9.10 Oct/16
Sao Tome and Principe 5.80 Oct/16
Saudi Arabia 2.60 Oct/16
Senegal -0.30 Oct/16
Serbia 1.50 Oct/16
Seychelles -0.40 Nov/16
Sierra Leone 8.77 Mar/16
Singapore -0.10 Oct/16
Slovakia -0.30 Oct/16
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South Africa 6.40 Oct/16
South Korea 1.30 Nov/16
South Sudan 835.70 Oct/16
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Sri Lanka 3.40 Nov/16
Sudan 19.60 Oct/16
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Swaziland 8.30 Sep/16
Sweden 1.20 Oct/16
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Taiwan 1.97 Nov/16
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Trinidad and Tobago 3.00 Sep/16
Tunisia 4.00 Nov/16
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Turkmenistan 7.00 Dec/15
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Ukraine 12.10 Nov/16
United Arab Emirates 1.90 Oct/16
United Kingdom 0.90 Oct/16
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