# Hong Kong Implicit price deflator of GDP (C&SD 310-31001, 2024=100)

Hong Kong Implicit price deflator of GDP (C&SD 310-31001, 2024=100) was up 2.4% year on year in Q2 2026, compared with −0.2% in Q1 2026.
The level stood at 102.2 (index 2024=100).
That is the highest reading since Q4 2024.
Over the past ten years it has ranged from −0.9% (Q4 2020) to 4.9% (Q3 2024), averaging 2.1%.

- Source agency: Census and Statistics Department, Hong Kong SAR
- Makrognosis code: `HK.GDPDEFL.Q.NSA`
- Frequency: quarterly
- Units: index 2024=100
- Coverage: 1973-01-01 to 2026-04-01 (214 observations)
- Page: https://makrognosis.robomacro.com/data/hong-kong/implicit-price-deflator-of-gdp-c-and-sd-310-31001-2024-100

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 102.2 | 2.4 |
| Q1 2026 | 99.10 | −0.2 |
| Q4 2025 | 101.6 | 1.4 |
| Q3 2025 | 102.7 | 0.5 |
| Q2 2025 | 99.80 | 0.5 |
| Q1 2025 | 99.30 | 1.0 |
| Q4 2024 | 100.2 | 3.1 |
| Q3 2024 | 102.2 | 4.9 |
| Q2 2024 | 99.30 | 4.9 |
| Q1 2024 | 98.30 | 3.9 |
| Q4 2023 | 97.20 | 4.1 |
| Q3 2023 | 97.40 | 2.5 |
| Q2 2023 | 94.70 | 2.7 |
| Q1 2023 | 94.60 | 2.2 |
| Q4 2022 | 93.40 | 1.5 |
| Q3 2022 | 95.00 | 3.1 |
| Q2 2022 | 92.20 | 0.9 |
| Q1 2022 | 92.60 | 1.1 |
| Q4 2021 | 92.00 | 1.8 |
| Q3 2021 | 92.10 | 0.8 |
| Q2 2021 | 91.40 | 0.6 |
| Q1 2021 | 91.60 | −0.3 |
| Q4 2020 | 90.40 | −0.9 |
| Q3 2020 | 91.40 | 0.3 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/HK.GDPDEFL.Q.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/HK.GDPDEFL.Q.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```