Hong Kong Inflation Rate 1982-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Hong Kong inflation rate for 2023 was 2.10%, a 0.22% increase from 2022.
  • Hong Kong inflation rate for 2022 was 1.88%, a 0.31% increase from 2021.
  • Hong Kong inflation rate for 2021 was 1.57%, a 1.32% increase from 2020.
  • Hong Kong inflation rate for 2020 was 0.25%, a 2.63% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Hungary 17.13%
Palau 12.80%
Poland 11.53%
Czech Republic 10.66%
Slovak Republic 10.53%
Barbados 9.79%
Estonia 9.16%
Lithuania 9.12%
Latvia 8.94%
Iceland 8.74%
Sweden 8.55%
Croatia 7.94%
Austria 7.81%
Chile 7.58%
Slovenia 7.45%
United Kingdom 6.79%
Ireland 6.30%
Finland 6.25%
Germany 5.95%
Uruguay 5.87%
New Zealand 5.73%
Italy 5.62%
Australia 5.60%
Norway 5.52%
Malta 5.09%
Antigua and Barbuda 5.07%
France 4.88%
Singapore 4.82%
Trinidad and Tobago 4.63%
Portugal 4.31%
Israel 4.23%
United States 4.12%
Belgium 4.05%
Canada 3.88%
Netherlands 3.84%
Luxembourg 3.74%
Kuwait 3.64%
South Korea 3.60%
St. Kitts and Nevis 3.56%
Cyprus 3.54%
Spain 3.53%
Greece 3.46%
Denmark 3.31%
Japan 3.27%
Bahamas 3.05%
Qatar 3.03%
Saudi Arabia 2.33%
Switzerland 2.14%
Hong Kong 2.10%
Panama 1.49%
Oman 0.94%
Brunei 0.36%
Bahrain 0.07%
Seychelles -1.04%
Hong Kong Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 2.10% 0.22%
2022 1.88% 0.31%
2021 1.57% 1.32%
2020 0.25% -2.63%
2019 2.88% 0.48%
2018 2.41% 0.91%
2017 1.49% -0.92%
2016 2.41% -0.58%
2015 2.99% -1.43%
2014 4.42% 0.09%
2013 4.34% 0.28%
2012 4.05% -1.25%
2011 5.31% 3.01%
2010 2.29% 1.71%
2009 0.58% -3.72%
2008 4.30% 2.27%
2007 2.04% 0.03%
2006 2.00% 1.17%
2005 0.83% 1.10%
2004 -0.27% 2.40%
2003 -2.67% 0.31%
2002 -2.98% -1.32%
2001 -1.66% 2.03%
2000 -3.69% 0.32%
1999 -4.01% -6.92%
1998 2.91% -2.86%
1997 5.78% -0.50%
1996 6.28% -2.80%
1995 9.08% 0.34%
1994 8.74% -0.06%
1993 8.80% -0.85%
1992 9.65% -1.51%
1991 11.16% 0.73%
1990 10.43% 0.24%
1989 10.18% 2.30%
1988 7.89% 2.23%
1987 5.65% 2.27%
1986 3.38% -0.12%
1985 3.50% -5.15%
1984 8.65% -1.24%
1983 9.89% -1.08%
1982 10.97% -1.08%