Prices: Consumer Price Index for China, P.R.: Hong Kong
HKGPCPIPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.50
Year-over-Year Change
46.72%
Date Range
1/1/1990 - 1/1/2029
Summary
The Consumer Price Index (CPI) for China, P.R.: Hong Kong measures changes in the prices of consumer goods and services purchased by Hong Kong households. It is a key indicator of inflation and an important tool for economic policymakers.
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 Hong Kong CPI tracks the average change in prices for a basket of consumer goods and services, including food, housing, transportation, and other expenditures. It is used to assess the purchasing power of the Hong Kong dollar and inform decisions on monetary and fiscal policy.
Methodology
The Hong Kong Census and Statistics Department collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The Hong Kong CPI is closely monitored by the Hong Kong Monetary Authority and other policymakers to gauge inflationary pressures and guide economic policy.
Key Facts
- The base year for the Hong Kong CPI is 2019-2020.
- The CPI is published monthly by the Hong Kong Census and Statistics Department.
- Hong Kong has experienced relatively low and stable inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Hong Kong Consumer Price Index (CPI) measures changes in the prices of consumer goods and services purchased by households in Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: The Hong Kong CPI is a key indicator of inflation and provides important insights into the cost of living and purchasing power in the Hong Kong economy.
Q: How is this data collected or calculated?
A: The Hong Kong Census and Statistics Department collects price data from a sample of retail outlets and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The Hong Kong CPI is closely monitored by the Hong Kong Monetary Authority and other policymakers to gauge inflationary pressures and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Hong Kong CPI is published monthly with a relatively short delay, making it a timely indicator of price changes in the economy.
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Citation
U.S. Federal Reserve, Prices: Consumer Price Index for China, P.R.: Hong Kong (HKGPCPIPCPPPT), retrieved from FRED.