Inflation, consumer prices for Hong Kong SAR, China
FPCPITOTLZGHKG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.73
Year-over-Year Change
-57.33%
Date Range
1/1/1982 - 1/1/2024
Summary
The 'Inflation, consumer prices for Hong Kong SAR, China' trend measures changes in the overall price level of consumer goods and services in Hong Kong. This is a key economic indicator used to assess the cost of living and guide policy decisions.
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 inflation rate tracks the year-over-year percentage change in the Consumer Price Index (CPI) for Hong Kong, a comprehensive basket of consumer goods and services. It is a widely referenced metric for understanding Hong Kong's inflationary pressures and cost-of-living dynamics.
Methodology
The data is collected through surveys of consumer expenditures and calculated by the Census and Statistics Department of Hong Kong.
Historical Context
Policymakers at the Hong Kong Monetary Authority monitor this inflation trend closely to support their mandate of maintaining monetary and financial stability.
Key Facts
- Hong Kong has one of the lowest inflation rates among major economies.
- Inflation in Hong Kong has remained below 3% on average over the past decade.
- The Hong Kong dollar is pegged to the U.S. dollar, which influences its inflation dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year percentage change in the consumer price index (CPI) for Hong Kong, which reflects the overall inflation rate and cost of living in the city.
Q: Why is this trend relevant for users or analysts?
A: The Hong Kong inflation rate is a key economic indicator used by policymakers, businesses, and consumers to understand the cost-of-living dynamics and guide decision-making.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure surveys by the Census and Statistics Department of Hong Kong and calculated as the year-over-year percentage change in the CPI.
Q: How is this trend used in economic policy?
A: The Hong Kong Monetary Authority closely monitors this inflation trend to support its mandate of maintaining monetary and financial stability in the city.
Q: Are there update delays or limitations?
A: The inflation data for Hong Kong is released on a monthly basis with minimal delays, providing timely insights into the cost-of-living dynamics.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Hong Kong SAR, China (FPCPITOTLZGHKG), retrieved from FRED.