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

The inflation rate in Hong Kong was recorded at 4.90 percent in December 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
4.90 5.10 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 Wednesday, January 28, 2015.


Hong Kong Inflation Rate Eases to 4.9%


Hong Kong annual inflation rate edged down to 4.9 percent in December of 2014 from 5.1 percent in November, mainly due to decline in prices of clothing and footwear, durable goods and motor fuel.

Amongst the various CPI components, in December year-on-year price increases were recorded for: electricity, gas and water (+24.9 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 since October; alcoholic drinks and tobacco (+7.6 percent), mainly due to the increase of tobacco duty; meals bought away from home (+4.4 percent); food  (+3.1percent); miscellaneous services (+2.5 percent); miscellaneous goods (+1.3 percent) and transport (1.1 percent).

On the other hand, year-on-year price decreases were recorded for durable goods (-4.9 percent) and clothing and footwear (-2.7 percent).

Netting out the effects of all Government's one-off relief measures, the inflation in December 2014 was 3.1 percent, smaller than that in November (3.3 percent), mainly due to the smaller increases in the costs for meals bought away from home. Also relevant were the enlarged decreases in the prices of motor fuel and the decreases in the prices of fresh vegetables.

For 2014 as a whole, the Composite CPI was 4.4 percent higher than in 2013.

Looking ahead, upside risks to inflation should be limited in the near term, as the softening trend in global food and commodity prices should keep external price pressures in check. Moreover, local cost pressures will likely stay moderate. The Government will continue to monitor the inflation developments closely, particularly its impact on the lower-income people.

Census and Statistics Department | Carolina Cunha | Carolina.cunha@tradingeconomics.com
1/22/2015 11:53:18 AM


Recent Releases

Hong Kong Inflation Rate Slows Slightly
Hong Kong annual inflation rate eased to 5.1 percent in November of 2014 from 5.2 percent in October, due to a fall in cost of durable goods and clothing and footwear. Published on 2014-12-23

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. Published on 2014-11-20


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-20 08:30 AM
Inflation Rate YoY  Oct
5.2% 6.6% 6.5%
2014-12-23 08:30 AM
Inflation Rate YoY  Nov
5.1% 5.2% 4.41%
2015-01-22 08:30 AM
Inflation Rate YoY  Dec
4.9% 5.1% 4.7% 4.8%
2015-02-23 08:30 AM
Inflation Rate YoY  Jan
4.9% 5.23%
2015-03-20 08:30 AM
Inflation Rate YoY  Feb
5.36%
2015-04-21 09:30 AM
Inflation Rate YoY  Mar
5.43%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 4.90 5.10 16.00 -6.10 percent [+]
Consumer Price Index CPI 123.40 123.10 123.40 26.30 Index Points [+]
GDP Deflator 105.50 102.10 122.80 16.60 Index Points [+]
Producer Prices 108.20 109.20 114.50 84.70 Index Points [+]
Export Prices 117.70 117.60 117.70 61.70 Index Points [+]
Import Prices 115.90 116.10 116.20 59.30 Index Points [+]
Food Inflation 3.90 4.40 8.20 -0.60 percent [+]
Inflation Rate Mom 0.33 0.16 3.10 -2.42 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.20 Dec/14 0.30 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany 0.20 Dec/14 0.57 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Nov/14 2.90 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.00 Dec/14 -0.40 28.43 -1.37 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]