Hong Kong Inflation Rate

Last Release

Dec 31, 2024

Actual

1.4

Units In

1.4

Frequency

Monthly

Next Release

Feb 20, 2025

Time to Release

27 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
16 Oct 1981	-6.1 Aug 1999	3.98 %	1981-2024	N/A

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.

Latest Updates

The annual inflation rate in Hong Kong stood at 1.4% in December 2024, remaining unchanged for third consecutive month and remaining at its lowest reading since May. Costs were stable for food (1%) and alcoholic drinks and tobacco (21.2%), while it decreased at a faster pace for clothing and footwear (-3.2% vs -2.4%) and durable goods (-1.6% vs -0.3%). Meanwhile, prices accelerated for housing (1% vs 0.9% in November), electricity, gas, and water (11.4% vs 9.8%), miscellaneous goods and services (1.4% vs 0.8%), transport (2.1% vs 1.3%), and miscellaneous services (2.1% vs 2%). On a monthly basis, consumer prices rose 0.1% in December after stalling in the previous month.