Annual inflation rate in Hong Kong edged down to 1.4 percent in January of 2020 from 2.9 percent in the previous month. It was the lowest inflation rate since September of 2017, as prices dropped for housing (-3.0 percent vs 3.0 percent in December); electricity, gas & water (-16.0 percent vs -6.6 percent); durable goods (-2.7 percent vs -2.2 percent) and clothing & footwear (-5.5 percent vs -3.1 percent). On the other hand, cost advanced faster for food (7.4 percent vs 6.1 percent), particularly for meals bought away from home (2.2 percent vs 2.0 percent); transport (1.8 percent vs 1.6 percent); and both miscellaneous services (4.8 percent vs 1.6 percent) and miscellaneous goods (3.6 percent vs 3.4 percent). On a monthly basis, consumer prices dropped 1.6 percent, after increasing 0.3 percent in December.

Inflation Rate in Hong Kong averaged 4.30 percent from 1981 until 2020, reaching an all time high of 16 percent in October of 1981 and a record low of -6.10 percent in August of 1999. 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. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Hong Kong to stand at 2.50 in 12 months time. In the long-term, the Hong Kong Inflation Rate is projected to trend around 2.50 percent in 2021 and 2.40 percent in 2022, according to our econometric models.


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Hong Kong Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.40 2.90 16.00 -6.10 1981 - 2020 percent Monthly
2009/2010=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-21 08:30 AM Oct 3.1% 3.2% 3.3% 3.3%
2019-12-20 08:30 AM Nov 3% 3.1% 3.0%
2020-01-21 08:30 AM Dec 2.9% 3% 3% 2.7%
2020-02-20 08:30 AM Jan 1.4% 2.9% 2.9% 3.3%
2020-03-23 08:30 AM Feb 1.4% 1.1%
2020-04-23 08:30 AM Mar 1.2%
2020-05-21 08:30 AM Apr
2020-06-22 08:30 AM May


News Stream
Hong Kong Inflation Rate Lowest Since 2017
Annual inflation rate in Hong Kong edged down to 1.4 percent in January of 2020 from 2.9 percent in the previous month. It was the lowest inflation rate since September of 2017, as prices dropped for housing (-3.0 percent vs 3.0 percent in December); electricity, gas & water (-16.0 percent vs -6.6 percent); durable goods (-2.7 percent vs -2.2 percent) and clothing & footwear (-5.5 percent vs -3.1 percent). On the other hand, cost advanced faster for food (7.4 percent vs 6.1 percent), particularly for meals bought away from home (2.2 percent vs 2.0 percent); transport (1.8 percent vs 1.6 percent); and both miscellaneous services (4.8 percent vs 1.6 percent) and miscellaneous goods (3.6 percent vs 3.4 percent). On a monthly basis, consumer prices dropped 1.6 percent, after increasing 0.3 percent in December.
2020-02-20
Hong Kong Inflation Rate Slows to 7-Month Low
The annual inflation rate in Hong Kong dropped to 2.9 percent in December of 2019 from 3.0 percent in the previous month. It was the lowest inflation rate since May, as prices slowed for food (6.1 percent vs 6.3 percent in November), particularly for meals bought away from home (2.0 percent vs 2.2 percent); transport (1.6 percent vs 2.1 percent) while electricity, gas and water cost continued to drop (-6.6 percent vs -6.4 percent). On the other hand, housing inflation was steady (at 3.0 percent) while prices advanced faster for miscellaneous services (1.6 percent vs 1.5 percent), mainly educational (3.2 percent vs 3.1 percent) and medical services (2.8 percent vs 2.7 percent); and miscellaneous goods (3.4 percent vs 3.3 percent). In addition, cost fell at a softer pace for durable goods (-2.2 percent vs -2.3 percent) and clothing & footwear (-3.1 percent vs-3.5 percent). On a monthly basis, consumer prices rose 0.1 percent, the same as in the previous month.
2020-01-21
Hong Kong Inflation Rate at 6-Month Low
The annual inflation rate in Hong Kong edged down to 3 percent in November 2019 from 3.1 percent in the previous month, reaching its lowest level since May. Prices slowed mostly for housing and miscellaneous services.
2019-12-20
Hong Kong Inflation Rate at 5-Month Low of 3.1%
The annual inflation rate in Hong Kong dropped to 3.1 percent in October of 2019 from 3.2 percent in the previous month and below market expectations of 3.3 percent. It was the lowest inflation rate since May, as housing cost continued to slow.
2019-11-21

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.