Hong Kong Inflation Rate 1981-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Hong Kong was recorded at 2.80 percent in April of 2015. Inflation Rate in Hong Kong averaged 4.58 percent from 1981 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
2.80 4.50 16.00 -6.10 1981 - 2015 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, May 24, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-20 08:30 AM Feb 4.6% 4.1% 4.2% 4.36%
2015-04-21 09:30 AM Mar 4.5% 4.6% 4.5% 4.7%
2015-05-21 09:30 AM Apr 2.8% 4.5% 4.47%
2015-06-22 09:30 AM May 2.8% 5.63%
2015-07-21 09:30 AM Jun 5.72%
2015-08-20 09:30 AM Jul 5.82%


Hong Kong Inflation Rate at Nearly 3-Year Low in April


Hong Kong annual inflation rate fell to 2.8 percent in April of 2015 from 4.5 percent in the previous month, mainly affected by the Government's relief measure of rates concession for April to September 2015. It was the lowest since July of 2012.

Year-on-year, the biggest price decreases were reported for: durable goods (-5.3 percent); clothing and footwear (-2.0 percent); and transport cost (-0.9 percent).

In contrast, upward pressures came from: electricity, gas and water (+21.6 percent); housing (+4.2 percent); food (+3.2 percent); miscellaneous services (+1.5 percent); miscellaneous goods (+1.4 percent).

Alcoholic drinks and tobacco CPI remained at the same level as April last year.

Netting out the effects of all Government's one-off relief measures, the inflation rate was 2.4 percent, from a 2.8 percent increase in the previous two months, mainly due to the smaller price increase of basic foodstuffs.

On a monthly basis, the composite consumer price index decreased by 1.0 percent, from a 0.3 percent decline in the previous month.

A Government spokesman commented that, looking ahead, given the benign global inflation, lower international energy and food prices as well as modest growth pace of the economy, inflation should remain contained in the near term.

Census and Statistics Department | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/21/2015 10:04:16 AM


Recent Releases

Hong Kong Inflation Rate Edges Down in March
Hong Kong annual inflation rate slightly decreased to 4.5 percent in March of 2015 from 4.6 percent in the previous month, mainly due to a decline in prices of durable goods. Published on 2015-04-21

Hong Kong Inflation Rate Rises in February
Hong Kong annual inflation rate increased to 4.6 percent in February from 4.1 percent in the previous month due to higher housing, food and utilities cost. Published on 2015-03-20


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.80 4.50 16.00 -6.10 percent [+]
Consumer Price Index CPI 122.70 123.90 124.30 26.30 Index Points [+]
GDP Deflator 105.70 104.80 122.80 16.60 Index Points [+]
Producer Prices 105.80 108.20 114.50 84.70 Index Points [+]
Export Prices 8549.00 102.60 8549.00 61.70 Index Points [+]
Import Prices 102.20 103.10 116.20 59.30 Index Points [+]
Food Inflation 3.20 4.30 8.20 -0.60 percent [+]
Inflation Rate Mom -0.97 -0.32 3.10 -2.42 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.17 Apr/15 8.13 6821.31 1.65 percent [+]
Canada 0.80 Apr/15 1.20 21.60 -17.80 percent [+]
China 1.50 Apr/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.00 Apr/15 -0.10 5.00 -0.70 percent [+]
France 0.10 Apr/15 -0.10 18.80 -0.70 percent [+]
Germany 0.50 Apr/15 0.30 11.54 -7.62 percent [+]
India 4.87 Apr/15 5.25 11.16 4.38 percent [+]
Indonesia 6.79 Apr/15 6.38 82.40 -1.17 percent [+]
Italy -0.10 Apr/15 -0.09 25.64 -0.60 percent [+]
Japan 2.30 Mar/15 2.20 25.00 -2.52 percent [+]
Mexico 3.06 Apr/15 3.14 179.73 2.91 percent [+]
Netherlands 0.60 Apr/15 0.38 11.19 -1.30 percent [+]
Russia 16.40 Apr/15 16.90 2333.30 3.60 percent [+]
South Korea 0.40 Apr/15 0.40 32.50 0.20 percent [+]
Spain -0.60 Apr/15 -0.70 28.43 -1.37 percent [+]
Switzerland -1.10 Apr/15 -0.90 11.92 -1.37 percent [+]
Turkey 7.91 Apr/15 7.61 138.71 -4.01 percent [+]
United Kingdom -0.10 Apr/15 0.00 8.50 -0.10 percent [+]
United States -0.20 Apr/15 -0.10 23.70 -15.80 percent [+]