Hong Kong Inflation Rate 1981-2018 | Data | Chart | Calendar | Forecast

Consumer prices in Hong Kong rose 2.6 percent year-on-year in March of 2018, down from a 3.1 percent increase in the prior month which was the highest inflation rate since August of 2016. In January and February, inflation is usually influenced by the Lunar New Year holidays. In 2018, the holidays fell in February but in 2017 in January. In March, prices slowed for food (3.7 percent from 3.9 percent); electricity, gas & water (4.3 percent from 10.9 percent); transport (1.6 percent from 2.1 percent) and clothing & footwear (0.9 percent from 3.5 percent). On the other hand, cost went up faster for housing (2.6 percent from 2.5 percent) and alcoholic drinks & tobacco (1 percent from 0.1 percent). On a monthly basis, consumer prices edged down 0.3 percent, following a 1.3 percent gain in the previous month. Inflation Rate in Hong Kong averaged 4.38 percent from 1981 until 2018, 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Hong Kong Inflation Rate Slows to 2.6% in March


Consumer prices in Hong Kong rose 2.6 percent year-on-year in March of 2018, down from a 3.1 percent increase in the prior month, mainly due to a slowdown in cost for electricity, gas & water, food and transport. However, the March rate was higher than the average of 2.4 percent for January and February 2018. Inflation is averaged for the first two months of the year to neutralize the Lunar New Year effects. In 2018, the holidays fell in February but in January in 2017.


Year-on-year, prices slowed for electricity, gas and water supply (4.3 percent from 10.9 percent in February); food, excluding meals bought away from home (5 percent from 4.6 percent); transport (1.6 percent from 2.1 percent) and clothing and footwear (0.9 percent from 3.5 percent). In contrast, cost went up faster for housing (2.6 percent from 2.5 percent) and alcoholic drinks and tobacco (1 percent from 0.1 percent).

On a monthly basis, consumer prices edged down 0.3 percent, following a 1.3 percent gain in February.

Underlying consumer inflation, which excludes the effects of one-off government relief measures went up slightly to 2.6 percent compared with the average of 2.3 percent for January and February combined. The larger increase was mainly attributable to the Easter holidays, that began earlier this year, in late March, and resulted in a notable year-on-year increase in the charges for package tours.

A Government spokesman said that with the continued above-trend economic growth, external and local inflation pressure would rise somewhat over the course f 2018. In spite of this, inflation rate is expected to be largely contained in the near term.


Census and Statistics Department | Gabriela Costa |
4/23/2018 11:07:33 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-22 08:30 AM Inflation Rate YoY 1.7% 1.7% 1.5%
2018-03-20 08:30 AM Inflation Rate YoY 3.1% 1.7% 2.7%
2018-04-23 08:30 AM Inflation Rate YoY 2.6% 3.1% 2%
2018-05-21 08:30 AM Inflation Rate YoY 2.6% 2.2%
2018-06-21 08:30 AM Inflation Rate YoY 2.3%
2018-07-23 08:30 AM Inflation Rate YoY 2.3%


Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.60 3.10 16.00 -6.10 percent [+]
Consumer Price Index CPI 106.60 106.90 106.90 21.40 Index Points [+]
GDP Deflator 105.90 105.40 105.90 14.20 Index Points [+]
Producer Prices 110.30 111.40 114.50 84.70 Index Points [+]
Export Prices 104.00 103.20 104.10 54.50 Index Points [+]
Import Prices 103.80 102.40 103.80 51.90 Index Points [+]
Producer Prices Change 3.50 3.70 9.59 -6.20 percent [+]
Inflation Rate Mom -0.30 1.30 3.10 -2.43 percent [+]
Food Inflation 3.70 3.90 8.20 -0.60 percent [+]
CPI Transportation 104.90 105.50 116.50 98.20 Index Points [+]


Hong Kong Inflation Rate

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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.60 3.10 16.00 -6.10 1981 - 2018 percent Monthly
2009/2010=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.20 Apr/18
France 1.60 Apr/18
Germany 1.60 Apr/18
India 4.28 Mar/18
Indonesia 3.41 Apr/18
Italy 0.50 Apr/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.60 Apr/18
Spain 1.10 Apr/18
Switzerland 0.80 Mar/18
Turkey 10.85 Apr/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


Related

Latest