Consumer Price Index for Hong Kong SAR, China
DDOE01HKA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.08
Year-over-Year Change
43.09%
Date Range
1/1/1980 - 1/1/2017
Summary
The Consumer Price Index (CPI) for Hong Kong SAR, China measures changes in the prices of consumer goods and services. It is a key indicator of inflation, providing insight into the cost of living and purchasing power in the Hong Kong economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI for Hong Kong tracks the prices of a representative basket of consumer goods and services, including food, housing, transportation, and recreation. It is widely used by policymakers, businesses, and consumers to understand price trends and inform economic decision-making.
Methodology
The data is collected through surveys of retail establishments and households by the Census and Statistics Department of Hong Kong.
Historical Context
The CPI is a crucial input for monetary policy, as the Hong Kong Monetary Authority monitors inflation closely to maintain currency stability and support economic growth.
Key Facts
- The base year for the Hong Kong CPI is 2019.
- Hong Kong has one of the lowest inflation rates among major economies.
- The CPI is released monthly by the Census and Statistics Department.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Hong Kong SAR, China measures changes in the prices of consumer goods and services, providing a gauge of inflation in the Hong Kong economy.
Q: Why is this trend relevant for users or analysts?
A: The Hong Kong CPI is a crucial indicator for policymakers, businesses, and consumers, as it reflects the cost of living and purchasing power, and informs economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households by the Census and Statistics Department of Hong Kong.
Q: How is this trend used in economic policy?
A: The Hong Kong Monetary Authority closely monitors the CPI as a key input for monetary policy, as they aim to maintain currency stability and support economic growth.
Q: Are there update delays or limitations?
A: The CPI for Hong Kong is released monthly by the Census and Statistics Department, with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index for Hong Kong SAR, China (DDOE01HKA086NWDB), retrieved from FRED.