Consumer Price Index (CPI) in Hong Kong

Measures the change in prices of a representative basket of goods and services bought by Hong Kong households. Published by the Census and Statistics Department, it is the territory's main inflation gauge (the Composite Consumer Price Index).

It is built from prices collected regularly across a wide sample of outlets, aggregated with household spending weights on a base year (index 100). It is typically followed as an annual (YoY) rate of change.

Hong Kong pegs its dollar to the US dollar through a currency board, so it has no independent monetary policy and inflation does not move local rates on its own. Even so, it is a key read on the cost of living and consumer momentum in a highly open economy.

The headline figure can be distorted by one-off government relief measures (rent or utility subsidies), so it is worth watching the underlying inflation that nets out those effects.