The annual inflation rate in Hong Kong inched up to 0.5 percent in March of 2021 from 0.3 percent in February. Still, the year-on-year rise in the CPI is due to a low base of comparison arising from the government's payment of public housing rentals and waiver of two-thirds of rent. Netting out the effects of all Government's one-off relief measures, the year-on-year change was 0.2 percent, compared to the average -0.1 percent in February. Price increases in March were seen for electricity, gas and water (21.2 percent); food, excluding meals bought away from home, (3.1 percent); meals bought away from home (0.7 percent); and alcoholic drinks and tobacco (0.5 percent). On the other hand, decreases were recorded for transport (-2.3 percent); durable goods (-1.2 percent); miscellaneous goods (-0.7 percent); and housing (-0.5 percent). Looking ahead, inflationary pressures should stay mild, given global and local economic conditions have yet to fully recover from the pandemic. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong averaged 4.18 percent from 1981 until 2021, 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 May of 2021.

Inflation Rate in Hong Kong is expected to be 1.30 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 1.80 in 12 months time. In the long-term, the Hong Kong Inflation Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Hong Kong Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 16.00 -6.10 1981 - 2021 percent Monthly
2014/2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-21 08:30 AM Dec -0.7% -0.2% -1.2%
2021-02-22 08:30 AM Jan 1.9% -0.7% -0.2%
2021-03-22 08:30 AM Feb 0.3% 1.9% 0.2%
2021-04-23 08:30 AM Mar 0.5% 0.3% 0.7%
2021-05-21 08:30 AM Apr 0.5% 0.4%
2021-06-22 08:30 AM May 1.0%
2021-07-22 08:30 AM Jun
2021-08-19 08:30 AM Jul


News Stream
Hong Kong Inflation Rate Inches Higher in March
The annual inflation rate in Hong Kong inched up to 0.5 percent in March of 2021 from 0.3 percent in February. Still, the year-on-year rise in the CPI is due to a low base of comparison arising from the government's payment of public housing rentals and waiver of two-thirds of rent. Netting out the effects of all Government's one-off relief measures, the year-on-year change was 0.2 percent, compared to the average -0.1 percent in February. Price increases in March were seen for electricity, gas and water (21.2 percent); food, excluding meals bought away from home, (3.1 percent); meals bought away from home (0.7 percent); and alcoholic drinks and tobacco (0.5 percent). On the other hand, decreases were recorded for transport (-2.3 percent); durable goods (-1.2 percent); miscellaneous goods (-0.7 percent); and housing (-0.5 percent). Looking ahead, inflationary pressures should stay mild, given global and local economic conditions have yet to fully recover from the pandemic.
2021-04-23
Hong Kong Inflation Rate Slows to 0.3%
The annual inflation rate in Hong Kong fell sharply to 0.3 percent in February of 2021 from a 9-month high of 1.9 percent in January. Still, the year-on-year rise in the CPI is due to a low base of comparison arising from the government's payment of public housing rentals and waiver of two-thirds of rent. Netting out the effects of all Government's one-off relief measures, the year-on-year change was -0.1 percent, compared to -0.5 percent in January. Price increases in February were seen for electricity, gas and water (19.3 percent); food (excluding meals bought away from home) (1.5 percent); miscellaneous services (1.2 percent) and meals bought away from home (0.2 percent). On the other hand, decreases were recorded for clothing and footwear (-3.9 percent), transport (-2.9 percent), durable goods (-1.7 percent), alcoholic drinks and tobacco (-0.9 percent), housing (-0.2 percent) and miscellaneous goods (-0.1 percent).
2021-03-22
Hong Kong Inflation Rate at 9-Month High
Annual inflation rate in Hong Kong jumped to 1.9% in January of 2021, the first rise in CPI in 7 months. The increase was mainly due to a low base of comparison from the Government's payment of public housing rentals and waiver of two-thirds of rent for tenants in January last year. Netting out the effects of all Government's one-off relief measures, the year-on-year rate of change in CPI was -0.5%. Main price increases were seen in electricity, gas and water (19.1%); housing (6.1%); alcoholic drinks and tobacco (2.5%) as well as miscellaneous goods (0.8%) while falls were recorded for transport (-3.1%); clothing and footwear (-2.6%); durable goods (-1.8%); meals bought away from home (-0.8%); food (excluding meals bought away from home) (-0.3%) and miscellaneous services (-0.2%).
2021-02-22
Hong Kong Consumer Prices Fall For 6th Month
Hong Kong consumer prices fell 0.7 percent from a year earlier in December of 2020, marking the sixth straight month of deflation amid subdued demand conditions. Downward pressure came from prices of electricity, gas and water (-30 percent); clothing and footwear (-5.9 percent); durable goods (-2.6 percent); transport (-2.1 percent) and miscellaneous services (-0.1 percent). On the other hand, prices increased for food, excluding meals bought away from home (2.2 percent), alcoholic drinks and tobacco (1.7 percent), miscellaneous goods (1.4 percent) and housing (0.3 percent). Meantime, cost was flat for meals bought away from home. Looking ahead, overall price pressures should remain very mild in the near term as global and local economic conditions are still challenging amid the continued threat of COVID-19, a Government spokesman said.
2021-01-21

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.