The annual inflation rate in Hong Kong dropped to 1.5 percent in May 2020 from 1.9 percent in the previous month. Prices slowed for food (4.8 percent vs 6 percent in April), namely pork and fresh vegetables; housing (1.6 percent vs 1.8 percent), in particular private housing rentals; miscellaneous goods (2.9 percent vs 3.5 percent); and miscellaneous services (0.7 percent vs 0.9 percent). Additionally, cost declined further for electricity, gas & water (-19.4 percent vs -18.8 percent); and clothing & footwear (-5.4 percent vs -4.4 percent). In contrast, prices rose at a faster pace for transport (0.6 percent vs 0.1 percent) while cost of durable goods fell less (-2.8 percent vs -3.1 percent). On a monthly basis, consumer prices went down 0.4 percent, after a 0.3 percent increase in the prior month.

Inflation Rate in Hong Kong averaged 4.28 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. Hong Kong Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong is expected to be 1.90 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 3.50 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
1.50 1.90 16.00 -6.10 1981 - 2020 percent Monthly
2009/2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-23 08:30 AM Feb 2.2% 1.4% 3.1% 1.1%
2020-04-23 08:30 AM Mar 2.3% 2.2% 1.2%
2020-05-21 08:30 AM Apr 1.9% 2.3% 1.3%
2020-06-22 08:30 AM May 1.5% 1.9% 2.0%
2020-07-21 08:30 AM Jun 1.5% 0.5%
2020-08-20 08:30 AM Jul
2020-09-21 08:30 AM Aug
2020-10-22 08:30 AM Sep 1.9%


News Stream
Hong Kong Inflation Rate Eases to 4-Month Low in May
The annual inflation rate in Hong Kong dropped to 1.5 percent in May 2020 from 1.9 percent in the previous month. Prices slowed for food (4.8 percent vs 6 percent in April), namely pork and fresh vegetables; housing (1.6 percent vs 1.8 percent), in particular private housing rentals; miscellaneous goods (2.9 percent vs 3.5 percent); and miscellaneous services (0.7 percent vs 0.9 percent). Additionally, cost declined further for electricity, gas & water (-19.4 percent vs -18.8 percent); and clothing & footwear (-5.4 percent vs -4.4 percent). In contrast, prices rose at a faster pace for transport (0.6 percent vs 0.1 percent) while cost of durable goods fell less (-2.8 percent vs -3.1 percent). On a monthly basis, consumer prices went down 0.4 percent, after a 0.3 percent increase in the prior month.
2020-06-22
Hong Kong April Inflation Rate Slows to 3-Month Low of 1.9%
The annual inflation rate in Hong Kong fell to 1.9 percent in April 2020 from 2.3 percent in the previous month. Prices eased for transport (0.1 percent vs 1.1 percent in March), due to lower international oil prices; housing (1.8 percent vs 2.6 percent); miscellaneous goods (2.9 percent vs 3.5 percent); miscellaneous services (0.9 percent vs 1.1 percent). In addition, cost declined further for electricity, gas & water (-18.8 percent vs -16.1 percent); clothing & footwear (-4.4 percent vs -4 percent); and durable goods (-3.1 percent vs -2.4 percent). On the other hand, cost of food increased at a faster pace (6 percent vs 5.7 percent). On a monthly basis, consumer prices went up 0.3 percent, rebounding from a 0.2 percent decline in the prior month.
2020-05-21
Hong Kong Inflation Rate Rises to 2.3% in March
The annual inflation rate in Hong Kong rose to 2.3 percent in March 2020 from 2.2 percent in the previous month. Transport prices increased further (1.1 percent from 1 percent in February); and cost of miscellaneous services rebounded (1.1 percent from -1.3 percent). In contrast, prices slowed for food (5.7 percent from 6.2 percent); housing (2.6 percent from 2.7 percent); and miscellaneous goods (3.5 percent from 4.3 percent). Additionally, cost dropped at a faster pace for electricity, gas & water (-16.1 percent from -15.9 percent); and clothing & footwear (-4 percent from -3.1 percent). Also, durable goods prices continued to fall (-2.4 percent, the same as in February). On a monthly basis, consumer prices went down 0.2 percent, after rising 1.7 percent in the prior month.
2020-04-23
Hong Kong Inflation Rate Rises to 2.2% in February
The annual inflation rate in Hong Kong rose to 2.2 percent in February 2020 from 1.4 percent in the previous month, but below market expectations of 3.1 percent. Cost of housing rebounded (2.7 percent from -3.0 percent in January), as the effect of the Government's payment of public housing rentals and waiver of two-thirds of rent for tenants of Group B estates by Hong Kong Housing Society faded. Also, cost of miscellaneous goods advanced further (4.3 percent vs 3.6 percent), while fell less for electricity, gas & water (-15.9 percent vs -16 percent); durable goods (-2.4 percent vs -2.7 percent) and clothing & footwear (-3.1 percent vs -5.5 percent). In contrast, cost slowed for food (6.2 percent vs 7.4 percent) and transport (1 percent vs 1.8 percent). Additionally, prices of miscellaneous services dropped (-1.3 percent vs 4.8 percent). On a monthly basis, consumer prices went up 1.7 percent, after a 1.6 percent fall in January.
2020-03-23

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.