Hong Kong Inflation Rate

The inflation rate in Hong Kong was recorded at 3.60 percent in June 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
3.60 3.70 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.


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.

Year-on-year inflation slowed for housing (4.8 percent in June of 2014 from 5.0 percent in May), electricity, gas and water (2.4 percent from 3.4 percent), alcoholic drinks and tobacco (7.8 percent from 8.1 percent), clothing and footwear (2.0 percent from 2.9 percent) and miscellaneous services (3.0 percent from 3.1 percent). In contrast, annual prices accelerated for transport in June of 2014 (2.4 percent from 2.1 percent in May) and remained unchanged for food (4.2 percent). 

Netting out the effects of all Government's one-off relief measures, the year-on-year inflation rate was 3.4 percent in June of 2014.

On a monthly basis, consumer prices accelerated 0.2 percent in June of 2014, the same rate recorded in the previous two months.

A Government spokesman commented that, looking ahead, the upside risks to inflation should remain limited in the near term, as the slower private rental increases in recent periods will continue to feed through to consumer prices and as external price pressures are likely to remain contained.

Census and Statistics Department | Isabel Felino | isabel.felino@tradingeconomics.com
7/21/2014 10:50:58 AM


Recent Releases

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

Hong Kong Inflation Rate Slows in April
Hong Kong’s annual inflation rate eased to 3.7 percent in April of 2014 from 3.9 percent in the previous two months. It is the lowest rate in thirteen months, as rental cost rose at a slower pace and prices of fresh vegetables decreased. Published on 2014-05-22


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-22 09:30 AM Hong Kong
Inflation Rate YoY
Mar 2014 3.9% 3.9% 4.45%
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 3.6% 4.57%


Prices Last Previous Highest Lowest Unit
Inflation Rate 3.60 3.70 16.00 -6.10 Percent [+]
Consumer Price Index (CPI) 119.30 119.20 119.30 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 114.10 113.60 115.20 61.70 Index Points [+]
Import Prices 113.50 113.60 115.10 59.30 Index Points [+]





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