Inflation rate in Hong Kong came in at 2.7 percent in October 2018, the same as in the previous month. Prices increased mainly for electricity, gas & water; food (excluding meals bought away from home) and housing; while cost fell further for durable goods. The government expects moderate inflationary pressures in the rest of the year, due to rising local costs and higher residential rents. Inflation Rate in Hong Kong averaged 4.35 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.

Inflation Rate in Hong Kong is expected to be 2.40 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 2.40 in 12 months time. In the long-term, the Hong Kong Inflation Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.

Hong Kong Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-21 08:30 AM Inflation Rate YoY 2.4% 2.4% 2.5%
2018-09-20 08:30 AM Inflation Rate YoY 2.3% 2.4% 2.4%
2018-10-23 08:30 AM Inflation Rate YoY 2.7% 2.3% 2.5%
2018-11-20 08:30 AM Inflation Rate YoY 2.7% 2.7% 2.5%
2018-12-20 08:30 AM Inflation Rate YoY 2.7% 2.6%
2019-01-22 08:30 AM Inflation Rate YoY 2.40%
2019-02-22 08:30 AM Inflation Rate YoY



Hong Kong Inflation Rate Steady at 2.7% in October



Inflation rate in Hong Kong came in at 2.7 percent in October 2018, the same as in the previous month. Prices increased mainly for electricity, gas & water; food (excluding meals bought away from home) and housing; while cost fell further for durable goods. The government expects moderate inflationary pressures in the rest of the year, due to rising local costs and higher residential rents.

Year-on-year, prices advanced faster for electricity, gas & water (4.1 percent vs 3.8 percent in September); food (3.9 percent vs 3.6 percent); housing (3.0 percent vs 2.9 percent) and transport (1.6 percent vs 1.3 percent). Contrarily, cost slowed for clothing & footwear (2.0 percent vs 2.5 percent) and miscellaneous services (2.7 percent vs 2.9 percent); and continued to fall for durable goods (-1.8 percent). 

On a monthly basis, consumer prices edged up 0.2 percent, the same as in the preceding month. 

Underlying consumer inflation, which excludes the effects of one-off government relief measures - such as tax cuts for lower income individuals; extra allowance for the elderly, child & disabled people; students' grants; etc. -, dropped to 3.0 percent (from 3.1 percent in September), due to smaller increases in the prices of fresh vegetables and the charges for package tours.

The Government will continue to monitor the situation closely, particularly the impact on the lower-income people.


Census and Statistics Department | Gabriela Costa | gabriela.costa@tradingeconomics.com
11/20/2018 9:08:08 AM



Hong Kong Prices Last Previous Highest Lowest Unit
Inflation Rate 2.70 2.70 16.00 -6.10 percent [+]
Consumer Price Index CPI 107.70 107.40 107.70 21.40 Index Points [+]
GDP Deflator 107.40 106.70 107.40 14.00 Index Points [+]
Producer Prices 114.80 112.30 114.80 84.70 Index Points [+]
Export Prices 105.00 104.30 105.00 54.50 Index Points [+]
Import Prices 105.50 105.30 105.50 51.90 Index Points [+]
Producer Prices Change 3.80 3.80 9.59 -6.20 percent [+]
Inflation Rate Mom 0.20 0.20 3.10 -2.43 percent [+]
Food Inflation 3.90 3.60 8.20 -0.60 percent [+]
CPI Transportation 105.00 105.70 116.50 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.70 16.00 -6.10 1981 - 2018 percent Monthly
2009/2010=100




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 1.90 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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