Hong Kong’s annual inflation rate eased to 0.7 percent in June of 2021, from a four-month high of 1.0 percent in the previous month, reflecting the impact of the Government’s additional provision of electricity charges subsidy in June of last year. Netting out the effects of all Government's one-off relief measures, the year-on-year increase was 0.4 percent, compared to 0.2 percent in May. Main upward pressure came from electricity, gas and water (17.0 percent); clothing and footwear (3.2 percent); transport (2.5 percent); meals bought away from home (1.2 percent); food, excluding meals bought away from home (1.1 percent); and durable goods (0.8 percent). On the other hand, decreases were recorded for miscellaneous goods (-2.9 percent) and housing (-0.7 percent). source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong averaged 4.16 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 July of 2021.

Inflation Rate in Hong Kong is expected to be 4.20 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 1.50 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
0.70 1.00 16.00 -6.10 1981 - 2021 percent Monthly
2019/2020=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-23 08:30 AM Mar 0.5% 0.3% 0.7%
2021-05-21 08:30 AM Apr 0.7% 0.5% 0.4%
2021-06-22 08:30 AM May 1% 0.8% 1.0%
2021-07-22 08:30 AM Jun 0.7% 1% 1.1%
2021-08-19 08:30 AM Jul 0.7%
2021-09-20 08:30 AM Aug
2021-10-22 08:30 AM Sep
2021-11-22 08:30 AM Oct


News Stream
Hong Kong Inflation Rate Eases in June
Hong Kong’s annual inflation rate eased to 0.7 percent in June of 2021, from a four-month high of 1.0 percent in the previous month, reflecting the impact of the Government’s additional provision of electricity charges subsidy in June of last year. Netting out the effects of all Government's one-off relief measures, the year-on-year increase was 0.4 percent, compared to 0.2 percent in May. Main upward pressure came from electricity, gas and water (17.0 percent); clothing and footwear (3.2 percent); transport (2.5 percent); meals bought away from home (1.2 percent); food, excluding meals bought away from home (1.1 percent); and durable goods (0.8 percent). On the other hand, decreases were recorded for miscellaneous goods (-2.9 percent) and housing (-0.7 percent).
2021-07-22
Hong Kong Inflation Rate Picks Up to 4-Month High
Hong Kong’s annual inflation rate quickened to 1 percent in May of 2021, from an upwardly revised 0.8 percent in the previous month, the steepest rise in consumer prices since 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 increase was 0.2 percent, compared to a downwardly revised 0.1 percent in April. Main upward pressure came from electricity, gas and water (32.6 percent); transport (2.5 percent); clothing and footwear (1.6 percent); food, excluding meals bought away from home (1.0 percent); and meals bought away from home (0.9 percent). On the other hand, decreases were recorded for miscellaneous goods (-4.4 percent); housing (-0.7 percent); and alcoholic drinks and tobacco (-0.3 percent).
2021-06-22
Hong Kong Inflation Rate Edges Higher in April
Consumer prices in Hong Kong increased 0.7 percent year-on-year in April of 2021, following a 0.5 percent gain in March. 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 0.3 percent, compared to the average 0.2 percent in March. Price increases were seen for electricity, gas and water (23.5 percent); food, excluding meals bought away from home (1.6 percent); transport (1.5 percent); meals bought away from home (0.8 percent); and clothing and footwear (0.7 percent). On the other hand, decreases were recorded for housing (-0.6 percent); alcoholic drinks and tobacco (-0.3 percent); and miscellaneous goods (-0.7 percent). Looking ahead, inflationary pressures should stay mild, given the local economy still operates below its capacity.
2021-05-21
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
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.