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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong Consumer Price Index CPI climbed to 107.1 in February 2024
FMPMonthlyReleased March 2024
Hong Kong Consumer Price Index CPI climbed to 107.1 in February 2024, released March 2024, up 0.5 from January's 106.6 reading. The reading matched expectations.
Latest Release
107.1
Actual
107.4
Consensus
106.6
Previous
Median Absolute Error
±0.2
across last 3 releases
Last Call
Mar 2024
Predicted: 107.3
Actual: 107.1
Error: +0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Price Index CPI (Hong Kong) was reported at 107.10 in March 2024. This missed the market consensus of 107.40 by 0.30. The reading rose from the previous value of 106.60.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update March 2024.
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Consumer Price Index CPI - HK
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About Consumer Price Index CPI — Hong Kong
DEFINITION
The Consumer Price Index (CPI) is a widely used financial indicator that measures the average change in prices of goods and services purchased by consumers over time. It is a key tool for monitoring inflation and assessing the overall health of the economy. The CPI is calculated by tracking the prices of a basket of commonly purchased goods and services, including food, housing, transportation, and healthcare. This indicator is important for businesses, policymakers, and individuals as it provides valuable insights into the purchasing power of consumers and the overall cost of living.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2024): actual 107.1, consensus 107.4. Prior reading (Jan 2024): 106.6. Before that (Dec 2023): 106.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection.