Hong Kong SAR (China) - Consumer Price Index (CPI)

Hong Kong SAR (China): Consumer Price Index (CPI)

Mnemonic	CPI.IHKG
Unit	Index Oct2019 to Sep2020=100, SA
Adjustments	Seasonally Adjusted
	Monthly	0.57 %
Data	Feb 2023	104.5
	Jan 2023	105.1

Series Information

Source	Census and Statistics Department Hong Kong Special Administrative Region (HKSARG)
Release	Consumer Price Index
Frequency	Monthly
Start Date	10/31/1980
End Date	2/28/2023

Hong Kong SAR (China): Price

	Reference	Last	Previous	Units	Frequency
Consumer Price Index (CPI)	Feb 2023	104.5	105.1	Index Oct2019 to Sep2020=100, SA	Monthly
Producer Price Index (PPI)	2022 Q4	110.7	111.5	Index 2015=100, NSA	Quarterly

Release Information

Description

For Hong Kong SAR (China), the Consumer Price Index (CPI) measures the changes over time in the price level of consumer goods and services generally purchased by households. The year-on-year rate of change in the CPI is widely used as an indicator of the inflation affecting consumers.

Properties

Active:

Classification: COICOP
Measurements: Fixed-base index 2019-20 (Index Oct 2019 to Sep 2020=100)
Adjustments:
- Seasonally adjusted (SA) - small subset
- Not seasonally adjusted (NSA) - most series
Native frequency: Monthly
Start dates:
- By household type - 1974m7
- By goods - as early as 1980m10

Predecessors:

2014/15 (Oct 2014 to Sep 2015=100) - 1980 to 2021 NSA, 2013 to 2021 SA
2009/10 (Oct 2009 to Sep 2010=100) - as early as 1974 to 2016
2004/05 (Oct 2004 to Sep 2005=100) - 2006 to 2011
1999/00 (Oct 1999 to Sep 2000=100) - 2001 to 2006
1994/95 (Oct 1994 to Sep 1995=100) - 1998 to 2001

Methodology

Two types of data are required to compile the CPI: the expenditure weights of consumer goods and services, and the price movements of consumer goods and services.

Weights are obtained from the quinquennial Household Expenditure Survey.

A Monthly Retail Price Survey is conducted by the C&SD to gather information on prices of pre-selected items from different types of retail outlets and service providers throughout the territory. Price data are collected mainly by field visits, supplemented by telephone and postal enquiries.

The price index for each individual commodity or service item for the month concerned, which reflects the price change of the item since the base period, is first obtained. This is done by comparing its price in that month to the price in the base period.

Moody's Analytics supplements

We have back-extended the seasonally adjusted general index, which is reported with less history than the NSA variant.

Revisions

No revision is made after the release of the index numbers.

Notes

For reference dates 2021m5 to 2021m12, the source concurrently reported two index base periods.