Hong Kong Inflation Rate  1981-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Hong Kong increased by 1.2 percent year-on-year in October 2016, at the same pace as in the previous month. Inflation stayed at the lowest level since January 2010, mainly due to a slowdown in housing and utilities prices while food cost accelerated. Inflation Rate in Hong Kong averaged 4.48 percent from 1981 until 2016, reaching an all time high of 16 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)
2016-10-20 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% 1.2% 1.5%
2017-01-23 08:30 AM Dec 1.2% 1.5%
2017-02-21 08:30 AM Jan 1.39%
2017-03-21 08:30 AM Feb 1.13%




Hong Kong Inflation Rate Steady At 1.2% In November


Consumer prices in Hong Kong increased by 1.2 percent year-on-year in October 2016, at the same pace as in the previous month. Inflation stayed at the lowest level since January 2010, mainly due to a slowdown in housing and utilities prices while food cost accelerated.

Year-on-year, prices increased at a slower pace for housing (+0.4 percent compared to +0.5 percent in October), as cost of public housing rent dropped sharply (-5.6 percent, unchanged from October) and private housing rent went up at a slower pace (+0.6 percent from +0.7 percent); and transport (+1.8 percent from +2.4 percent).

Also, cost fell for durable goods (-5 percent from -4.9 percent); clothing and footwear (-3 percent from -2.4 percent) and  electricity, gas and water (+0.3 percent from +4.9 percent).

By contrast, cost rose at a faster pace for: food (+3.2 percent from +2.6 percent);  miscellaneous services (+2.1 percent from +1.6 percent); and miscellaneous goods (+2.2 percent from +1.6 percent). 

Meanwhile, underlying consumer prices, which exclude the effects of one-off government relief measures, went up 2.1 percent, unchanged from October.

Taking the first eleven months of 2016 together, the consumer price index went up by 2.5 percent over a year earlier. Netting out the effects of all Government's one-off relief measures, it rose by 2.3 percent.

Looking ahead, inflation risks should remain contained in the near term, given the still-low global inflation and moderate rises in local costs, a spokesman commented.

Census and Statistics Department | Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/20/2016 9:22:43 AM



Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.20 16.00 -6.10 percent [+]
Consumer Price Index CPI 103.60 103.30 103.80 21.40 Index Points [+]
GDP Deflator 105.90 104.90 109.00 14.70 Index Points [+]
Producer Prices 107.40 106.60 114.50 84.70 Index Points [+]
Export Prices 98.90 98.40 104.10 54.50 Index Points [+]
Import Prices 98.40 98.20 103.20 52.70 Index Points [+]
Cpi Transportation 101.90 102.50 114.40 98.20 Index Points [+]
Food Inflation 3.20 2.60 8.20 -0.60 percent [+]
Inflation Rate Mom 0.30 0.20 3.10 -2.43 percent [+]
Producer Prices Change 3.90 0.40 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 January of 2017.

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



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