Consumer prices in Hong Kong rose 1.7 percent in October of 2021, quickening from a 1.4 percent increase in the previous month, slightly missing market expectations of 1.8 percent. The latest reading was mainly attributed to the lowering of the ceiling of rates of concession, from HK$1,500 per quarter for each rateable tenement to HK$1,000. Netting out the effects of all Government's one-off relief measures, the inflation rate was 1.1 percent, faster than 1.0 percent in September. Main upward pressure came from utilities (28.1 percent); clothing and footwear (6.1 percent); transport (5.7 percent); meals bought away from home (2.5 percent); durable goods (2.0 percent); basic food (1.8 percent); and miscellaneous services (0.9 percent). Looking ahead, inflationary pressures might build up due to rising import prices alongside the economic recovery, while core inflation should remain largely in check, a government spokesman said. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong averaged 4.14 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 November of 2021.

Inflation Rate in Hong Kong is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-22 08:30 AM Sep 1.4% 1.6% 3% 3.8%
2021-11-22 08:30 AM Oct 1.7% 1.4% 1.8% 1.3%
2021-12-21 08:30 AM Nov 1.7%


Related Last Previous Unit Reference
Inflation Rate 1.70 1.40 percent Oct/21
Consumer Price Index CPI 102.00 99.20 points Oct/21
GDP Deflator 102.00 100.40 points Sep/21
Producer Prices 114.90 111.50 points Jun/21
Export Prices 105.80 105.20 points Sep/21
Import Prices 107.10 105.20 points Sep/21
Inflation Rate Mom 2.80 -2.30 percent Oct/21
Food Inflation 2.20 2.20 percent Oct/21
CPI Transportation 103.70 103.50 points Oct/21
Producer Prices Change 2.70 1.90 percent Jun/21

News Stream
Hong Kong Inflation Rate Rises Less than Expected
Consumer prices in Hong Kong rose 1.7 percent in October of 2021, quickening from a 1.4 percent increase in the previous month, slightly missing market expectations of 1.8 percent. The latest reading was mainly attributed to the lowering of the ceiling of rates of concession, from HK$1,500 per quarter for each rateable tenement to HK$1,000. Netting out the effects of all Government's one-off relief measures, the inflation rate was 1.1 percent, faster than 1.0 percent in September. Main upward pressure came from utilities (28.1 percent); clothing and footwear (6.1 percent); transport (5.7 percent); meals bought away from home (2.5 percent); durable goods (2.0 percent); basic food (1.8 percent); and miscellaneous services (0.9 percent). Looking ahead, inflationary pressures might build up due to rising import prices alongside the economic recovery, while core inflation should remain largely in check, a government spokesman said.
2021-11-22
Hong Kong September Inflation Rate Slows for 2nd Month
The annual inflation rate in Hong Kong eased for the second consecutive month to 1.4 percent in September of 2021, from 1.6 percent in August. 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 inflation rate was 1 percent, slower than 1.2 percent in August. Main upward pressure came from electricity, gas and water (23.6 percent); transport (5.4 percent); clothing & footwear (8.7 percent); and food (2.2 percent), namely meals out & takeaway food (2.8 percent) and basic food (1.3 percent); durable goods (2.2 percent); and miscellaneous services (0.9 percent).
2021-10-22
Hong Kong Inflation Rate Slows Sharply in August
The annual inflation rate in Hong Kong slowed markedly to 1.6 percent in August of 2021, from a 5-year high of 3.7 percent in the previous month. 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 inflation rate was 1.2 percent, faster than 1.0 percent in July. Main upward pressure came from electricity, gas and water (20.1 percent); transport (6.0 percent); clothing and footwear (5.3 percent); meals bought away from home (4.1 percent); durable goods (2.8 percent); miscellaneous services (1.0 percent); and basic food (0.5 percent). In the near term, domestic and external price pressures may build up further alongside the economic recovery, while core inflation should remain largely moderate, a government spokesman said.
2021-09-20

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.