Inflation Rate (CPI): Hong Kong
Hong Kong's inflation rate (cpi) is currently 2.1% as of 2026. # Hong Kong Inflation Rate (CPI) Hong Kong's inflation rate stood at 2.
Current (2026)
2.1%
+23.5% y/y
Peak (1991)
11.2%
Low (1999)
-4.0%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Hong Kong
1980 — 2026
Inflation Rate (CPI) — Hong Kong
Analysis# Hong Kong Inflation Rate (CPI)
Hong Kong's inflation rate stood at 2.1% in 2026, reflecting stable price growth within the economy. This figure sits far below the all-time peak of 11.2% recorded in 1991, yet well above the deflationary low of -4% in 1999. Since 1980, inflation has declined 52.3% overall, indicating a substantial cooling of price pressures across the past four decades.
The period from 2019 to 2020 marked a critical turning point, when inflation collapsed from 2.9% to just 0.3% amid global economic disruption. Recovery began in 2021 and stabilized through the mid-2020s, with annual rates hovering between 1.6% and 2.4%. The trajectory suggests Hong Kong has achieved a sustainable inflation equilibrium around 2%, supporting monetary stability and economic predictability going forward.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 2.5% | +0.00% |
| 2029 | 2.5% | +4.17% |
| 2028 | 2.4% | +4.35% |
| 2027 | 2.3% | +9.52% |
| 2026 | 2.1% | +23.53% |
| 2025 | 1.7% | +0.00% |
| 2024 | 1.7% | -19.05% |
| 2023 | 2.1% | +10.53% |
| 2022 | 1.9% | +18.75% |
| 2021 | 1.6% | +433.33% |
| 2020 | 0.3% | -89.66% |
| 2019 | 2.9% | +20.83% |
| 2018 | 2.4% | +60.00% |
| 2017 | 1.5% | -37.50% |
| 2016 | 2.4% | -20.00% |
| 2015 | 3.0% | -31.82% |
| 2014 | 4.4% | +2.33% |
| 2013 | 4.3% | +4.88% |
| 2012 | 4.1% | -22.64% |
| 2011 | 5.3% | +130.43% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 2.3% | +283.33% |
| 2009 | 0.6% | -86.05% |
| 2008 | 4.3% | +115.00% |
| 2007 | 2.0% | +0.00% |
| 2006 | 2.0% | +122.22% |
| 2005 | 0.9% | +325.00% |
| 2004 | -0.4% | +84.62% |
| 2003 | -2.6% | +13.33% |
| 2002 | -3.0% | -87.50% |
| 2001 | -1.6% | +56.76% |
| 2000 | -3.7% | +7.50% |
| 1999 | -4.0% | -242.86% |
| 1998 | 2.8% | -51.72% |
| 1997 | 5.8% | -7.94% |
| 1996 | 6.3% | -30.00% |
| 1995 | 9.0% | +2.27% |
| 1994 | 8.8% | +0.00% |
| 1993 | 8.8% | -8.33% |
| 1992 | 9.6% | -14.29% |
| 1991 | 11.2% | +8.74% |
| 1990 | 10.3% | +0.98% |
| 1989 | 10.2% | +30.77% |
| 1988 | 7.8% | +36.84% |
| 1987 | 5.7% | +58.33% |
| 1986 | 3.6% | +0.00% |
| 1985 | 3.6% | -57.65% |
| 1984 | 8.5% | -14.14% |
| 1983 | 9.9% | -10.00% |
| 1982 | 11.0% | +15.79% |
| 1981 | 9.5% | +115.91% |
| 1980 | 4.4% | — |
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Demographics
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