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

The inflation rate in Hong Kong was recorded at 4.10 percent in January 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.

      Forecast    
Hong Kong Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
4.10 4.90 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 Monday, March 2, 2015.


Hong Kong Inflation Rate Slows to 4.1%


Hong Kong annual inflation rate eased for the fourth straight month to 4.1 percent in January of 2015 from 4.9 percent in the previous month. Although cost of durable goods and clothing and footwear decreased, the difference in timing of the Lunar New Year, which fell in mid-February this year, but in late January last year also accounted for the slowdown.

Year-on-year, decrease in prices were recorded for durable goods (-5.5 percent), clothing and footwear (-1.9 percent) and miscellaneous services (-1.2 percent). Transport cost remained unchanged over a year earlier.

On the other hand, increases in prices were recorded for electricity, gas and water (21.7 percent), mainly because some households had used up the full amount of Government's one-off electricity charge subsidy; housing (8.3 percent), due mainly to dissipation of effect of rates concession since October 2014; alcoholic drinks and tobacco (7.3 percent), mainly due to the increase of tobacco duty; meals bought away from home (4.4 percent); food (excluding meals bought away from home) (2.7 percent) and miscellaneous goods (1.3 percent).

Netting out the effects of all Government's one-off relief measures, annual inflation rate was 2.3 percent, also smaller than that in December 2014 (3.1 percent). The smaller increase in January this year was mainly affected by the higher prices in January last year around the Lunar New Year which led to a higher base of comparison.

Census and Statistics Department | Joana Taborda | joana.taborda@tradingeconomics.com
2/23/2015 8:58:41 AM


Recent Releases

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. Published on 2015-01-22

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
4.1% 4.9% 4.5%
2015-03-20 08:30 AM
Inflation Rate YoY  Feb
4.1% 4.36%
2015-04-21 09:30 AM
Inflation Rate YoY  Mar
5.43%
2015-05-21 09:30 AM
Inflation Rate YoY  Apr
5.57%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 4.10 4.90 16.00 -6.10 percent [+]
Consumer Price Index CPI 123.10 123.40 123.40 26.30 Index Points [+]
GDP Deflator 106.70 106.30 122.80 16.60 Index Points [+]
Producer Prices 108.20 109.20 114.50 84.70 Index Points [+]
Export Prices 117.30 117.70 117.70 61.70 Index Points [+]
Import Prices 115.50 115.90 116.20 59.30 Index Points [+]
Food Inflation 3.70 3.90 8.20 -0.60 percent [+]
Inflation Rate Mom -0.30 0.20 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 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany 0.10 Feb/15 -0.40 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.19 Feb/15 -0.60 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.10 Feb/15 -1.30 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]