Consumer Price Index for Hong Kong SAR, China
Index 2010=100, Annual, Not Seasonally Adjusted
DDOE02HKA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.77
Year-over-Year Change
42.73%
Date Range
1/1/1980 - 1/1/2017
Summary
The 'Index 2010=100, Annual, Not Seasonally Adjusted' measures the cost of living in a specific location over time, providing insights into economic conditions and consumer purchasing power.
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
This index tracks changes in the average price level of a basket of consumer goods and services, serving as a key indicator of inflation and the overall cost of living. It is widely used by economists, policymakers, and the public to assess the affordability of goods and the real purchasing power of household incomes.
Methodology
The data is collected through surveys of retail prices and calculated using a fixed-weight index formula.
Historical Context
Policymakers monitor this index to guide decisions on interest rates, taxation, and social programs that impact household budgets.
Key Facts
- The index is set to a base year of 2010 = 100.
- It tracks the average change in prices for a representative basket of consumer goods and services.
- The index is published annually and is not seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the average price level of a basket of consumer goods and services, providing insights into the cost of living in a specific location over time.
Q: Why is this trend relevant for users or analysts?
A: The cost of living index is a key indicator of inflation and the purchasing power of household incomes, making it widely used by economists, policymakers, and the public to assess economic conditions and affordability.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices and calculated using a fixed-weight index formula.
Q: How is this trend used in economic policy?
A: Policymakers monitor this index to guide decisions on interest rates, taxation, and social programs that impact household budgets.
Q: Are there update delays or limitations?
A: The index is published annually and is not seasonally adjusted, which may limit its use for analysis of short-term price movements.
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Citation
U.S. Federal Reserve, Index 2010=100, Annual, Not Seasonally Adjusted (DDOE02HKA086NWDB), retrieved from FRED.