Hong Kong vs Singapore: Inflation Comparison
Compare cumulative inflation, annual rates and purchasing power between Hong Kong and Singapore from 2000 to 2025, based on World Bank CPI data.
Cumulative inflation in Hong Kong was 51.3% between 2000 and 2025, according to World Bank CPI data (FP.CPI.TOTL).
Over the same period, cumulative inflation in Singapore was 56.3%.
Hong Kong
HKDSingapore
SGDCPI Comparison Chart
Year-by-Year Comparison
| Year | Hong Kong CPI | Hong Kong (Change) | Singapore CPI | Singapore (Change) |
|---|---|---|---|---|
| 2000 | 95.90 | - | 85.19 | - |
| 2001 | 94.31 | -1.7% | 86.04 | +1.0% |
| 2002 | 91.49 | -3.0% | 85.70 | -0.4% |
| 2003 | 89.05 | -2.7% | 86.14 | +0.5% |
| 2004 | 88.80 | -0.3% | 87.57 | +1.7% |
| 2005 | 89.54 | +0.8% | 87.94 | +0.4% |
| 2006 | 91.33 | +2.0% | 88.79 | +1.0% |
| 2007 | 93.19 | +2.0% | 90.66 | +2.1% |
| 2008 | 97.20 | +4.3% | 96.68 | +6.6% |
| 2009 | 97.76 | +0.6% | 97.25 | +0.6% |
| 2010 | 100.00 | +2.3% | 100.00 | +2.8% |
| 2011 | 105.31 | +5.3% | 105.25 | +5.3% |
| 2012 | 109.57 | +4.1% | 110.07 | +4.6% |
| 2013 | 114.33 | +4.3% | 112.68 | +2.4% |
| 2014 | 119.38 | +4.4% | 113.84 | +1.0% |
| 2015 | 122.96 | +3.0% | 113.25 | -0.5% |
| 2016 | 125.92 | +2.4% | 112.65 | -0.5% |
| 2017 | 127.80 | +1.5% | 113.29 | +0.6% |
| 2018 | 130.87 | +2.4% | 113.79 | +0.4% |
| 2019 | 134.65 | +2.9% | 114.44 | +0.6% |
| 2020 | 134.99 | +0.3% | 114.24 | -0.2% |
| 2021 | 137.10 | +1.6% | 116.89 | +2.3% |
| 2022 | 139.68 | +1.9% | 124.05 | +6.1% |
| 2023 | 142.61 | +2.1% | 130.05 | +4.8% |
| 2024 | 145.08 | +1.7% | 133.16 | +2.4% |
Inflation by Decade: Hong Kong vs Singapore
| Year | Hong Kong (Total Inflation) | Hong Kong (Avg Annual Rate) | Singapore (Total Inflation) | Singapore (Avg Annual Rate) |
|---|---|---|---|---|
| 1960s | - | - | +11.1% | 1.18% |
| 1970s | - | - | +72.4% | 6.23% |
| 1980s | +78.1% | 7.48% | +20.8% | 2.12% |
| 1990s | +74.7% | 6.39% | +17.0% | 1.76% |
| 2000s | +1.9% | 0.21% | +14.2% | 1.48% |
| 2010s | +34.7% | 3.36% | +14.4% | 1.51% |
| 2020s | +7.5% | 1.82% | +16.6% | 3.90% |
The inflation gap between Hong Kong and Singapore widened to 5.0 percentage points from 2000 to 2025.
$100 in Hong Kong in 2000 lost roughly the same relative value as $103.32 in Singapore.
Hong Kong's highest annual inflation was 5.3% in 2011; Singapore's was 6.6% in 2008.
Frequently Asked Questions
Which had higher inflation, Hong Kong or Singapore?
Between 2000 and 2025, Singapore had higher cumulative inflation (56.31%) than Hong Kong (51.29%), according to World Bank CPI data.
What was cumulative inflation in Hong Kong from 2000 to 2025?
Prices in Hong Kong rose 51.29% cumulatively, an average of 1.74% per year.
What was cumulative inflation in Singapore from 2000 to 2025?
Prices in Singapore rose 56.31% cumulatively, an average of 1.88% per year.
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Calculate Individually
Between 2000 and 2025, Hong Kong had lower cumulative inflation (51.3%) than Singapore (56.3%).