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Hong Kong Inflation Steady at 1.7% in March
The annual inflation rate in Hong Kong rose to 1.7% in March 2026, unchanged from the previous month and still the highest reading since late May. The acceleration mainly reflected faster increases in fuel-related components during the month, driven by a surge in international oil prices amid the Middle East conflict, while price pressures in other categories remained largely contained. By category, inflation was led by miscellaneous services (4.6% vs 4.9%), electricity, gas and water (3.9% vs 3.5%), transport (3.9% vs 4.3%), and miscellaneous goods (2.8% vs 1.8%). Prices also rose for alcoholic drinks and beverages (2.1% vs 1.8%) and housing (1% vs 1.1%), while declines continued in durable goods (-2.2% vs -2.6%) and clothing and footwear (-0.7% vs -3.4%). On a monthly basis, consumer prices stalled in March, after a 0.5% increase in the preceding period. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, the same pace in February.
Published on 2026-04-23

Hong Kong Inflation Steady at 1.7% in March
The annual inflation rate in Hong Kong rose to 1.7% in March 2026, unchanged from the previous month and still the highest reading since late May. The acceleration mainly reflected faster increases in fuel-related components during the month, driven by a surge in international oil prices amid the Middle East conflict, while price pressures in other categories remained largely contained. By category, inflation was led by miscellaneous services (4.6% vs 4.9%), electricity, gas and water (3.9% vs 3.5%), transport (3.9% vs 4.3%), and miscellaneous goods (2.8% vs 1.8%). Prices also rose for alcoholic drinks and beverages (2.1% vs 1.8%) and housing (1.1% vs 1%), while declines continued in durable goods (-2.2% vs -2.6%) and clothing and footwear (-0.7% vs -3.4%). On a monthly basis, consumer prices stalled in March, after a 0.5% increase in the preceding period. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, the same pace in February.
Published on 2026-04-23

Hong Kong Inflation Steady at 1.7% in March
The annual inflation rate in Hong Kong rose to 1.7% in March 2026, unchanged from the previous month and still the highest reading since late May. The acceleration mainly reflected faster increases in fuel-related components during the month, driven by a surge in international oil prices amid the Middle East conflict, while price pressures in other categories remained largely contained. By category, inflation was led by miscellaneous services (4.6% vs 4.9%), electricity, gas and water (3.9% vs 3.5%), transport (3.9% vs 4.3%), and miscellaneous goods (2.8% vs 1.8%). Prices also rose for alcoholic drinks and beverages (2.1% vs 1.8%) and housing (1.1% vs 1%), while declines continued in durable goods (-2.2% vs -2.6%) and clothing and footwear (-0.7% vs -3.4%). On a monthly basis, consumer prices were stalled in March, after a 0.5% increase in the preceding period. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, the same pace in February.
Published on 2026-04-23

Hong Kong Inflation Rate Hits 9-Month High
The annual inflation rate in Hong Kong rose to 1.7% in February 2026 from 1.1% in January, marking the highest reading since late May. Prices rose faster for miscellaneous services (4.9% vs 2.9%), transport (4.3% vs 1.3%) and electricity, gas and water (3.5% vs 3%). On the other hand, inflation slowed for miscellaneous goods (1.8% vs 2.3%) and alcoholic drinks and tobacco (1.8% vs 2.7%) and steadied for housing (1.1% vs 1.1%). Prices continued to fall for clothing and footwear (-3.4% vs -2.3%) and durable goods (-2.6% vs -2.8%). The larger increase was mainly due to charges for package tours and inbound and outbound transport fares during the Chinese New Year, coupled with the fact that the Chinese New Year fell in January last year, resulting in a relatively lower base of comparison in February 2025. On a monthly basis, the CPI grew by 0.5%, up from 0.2% in January. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, following a 1% gain in January.
Published on 2026-03-20

Hong Kong Inflation Rate Hits 9-Month High
The annual inflation rate in Hong Kong rose to 1.7% in February 2026, picking up from 1.1% in January, marking the highest reading since late May. The acceleration was mainly driven by higher costs for food and non-alcoholic beverages (0.6% vs -0.3% in January), transport (4.4% vs 1.3%), and recreation, sport, and culture (7.7% vs -1.2%). Prices also rose faster for furnishings, household equipment and maintenance (0.9% vs 0.5%) and health (10.7% vs 10.5%). Conversely, inflation eased for alcoholic beverages and tobacco (1.8% vs 2.7%) and personal care, social protection, and miscellaneous goods and services (1.2% vs 1.9%), while it declined for clothing and footwear (-3.4% vs -2.3%). On a monthly basis, the CPI grew by 0.5%, up from 0.2% in January. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, following a 1% gain in January.
Published on 2026-03-20

Hong Kong Inflation Eases in January
Hong Kong’s annual inflation rate eased to 1.1% in January 2026, down from 1.4% in December. Price growth slowed for housing (1.1% vs 1.6% in December), food (0.5% vs 1%), and transport (1.3% vs 4.3%). At the same time, deflation deepened for durable goods (-2.8% vs -2.6%) and clothing and footwear (-2.3% vs -1.7%). In contrast, prices rebounded for electricity, gas and water (3% vs -1.6%), while inflation picked up for miscellaneous services (2.9% vs 2.3%), miscellaneous goods (2.3% vs 1.2%), and alcoholic drinks and tobacco (2.7% vs 2%). On a monthly basis, consumer prices edged up 0.2% in January, down from 0.3% in the previous month. Excluding the government’s one-off relief measures, underlying inflation rose 1%, slowing from 1.2% in December.
Published on 2026-02-25

Hong Kong Inflation Eases in January
Hong Kong’s annual inflation rate eased to 1.1% in January 2026, down from 1.4% in December. Price growth slowed for housing (1.1% vs 1.6% in December), food (0.5% vs 1%), and transport (1.3% vs 4.3%). At the same time, deflation deepened for durable goods (-2.8% vs -2.6%) and clothing and footwear (-2.3% vs -1.7%). In contrast, prices rebounded for electricity, gas and water (3% vs -1.6%), while inflation increased for miscellaneous services (2.9% vs 2.3%), miscellaneous goods (2.3% vs 1.2%), and alcoholic drinks and tobacco (2.7% vs 2%). On a monthly basis, consumer prices edged up 0.2% in January, down from 0.3% in the previous month. Excluding the government’s one-off relief measures, underlying inflation rose 1%, slowing from 1.2% in December.
Published on 2026-02-25

Hong Kong Inflation Hits Highest Since June
Hong Kong’s annual inflation rate edged up to 1.4% in December 2025, marking the highest since June 2025 and up from 1.2% in the previous month. On a monthly basis, consumer prices rose 0.3% in December, following a flat reading in November.
Published on 2026-01-22

Hong Kong Inflation Hits Highest Since June
Hong Kong’s annual inflation rate rose to 1.4% in December 2025, the highest since June 2025 and up from 1.2% in November. The increase was primarily driven by faster price growth in transportation (4.3% vs 3.5%) and miscellaneous services (2.3% vs 1.9%), alongside smaller declines in clothing and footwear (-1.7% vs -4.1%) and durable goods (-2.6% vs -3.3%). Housing costs remained stable, growing 1.6%. Conversely, price growth softened for food (1.0% vs 1.1%), miscellaneous goods (1.2% vs 1.3%), and alcoholic drinks and tobacco (2.0% vs 2.1%), while electricity, gas, and water prices fell further (-1.6% vs -0.5%). On a monthly basis, consumer prices increased 0.3% in December, following a flat reading in November. Excluding the government’s one-off relief measures, the underlying inflation rate edged up to 1.2%, compared with 1.0% in November.
Published on 2026-01-22

Hong Kong Inflation Holds at 1.2% in November
Hong Kong’s annual inflation rate remained stable at 1.2% in November 2025, maintaining the highest level since July 2025 and unchanged from October. Faster price growth in food (1.1% vs 0.9% in October) and transport (3.5% vs 3.1%), along with a smaller decline in clothing and footwear (-4.1% vs -4.7%), was offset by slower price growth in miscellaneous services (1.9% vs 2.0%) and a further drop in electricity, gas and water (-0.5% vs -0.3%). Prices were unchanged in housing (1.6%), miscellaneous goods (1.3%), and durable goods (-3.3%). On a monthly basis, consumer prices were flat in November, following a 0.3% rise in October.
Published on 2025-12-22

Hong Kong Inflation Holds at 1.2% in November
Hong Kong’s annual inflation rate remained stable at 1.2% in November 2025, maintaining the highest level since July 2025 and unchanged from October. Faster price growth in food (1.1% vs 0.9% in October) and transport (3.5% vs 3.1%), along with a smaller decline in clothing and footwear (-4.1% vs -4.7%), was offset by slower price growth in miscellaneous services (1.9% vs 2.0%) and a further drop in electricity, gas and water (-0.5% vs -0.3%). Prices were unchanged in housing (1.6%), miscellaneous goods (1.3%), and durable goods (-3.3%). On a monthly basis, consumer prices were flat in November, following a 0.3% rise in October.
Published on 2025-12-22

Hong Kong Inflation Holds at 1.2% in November
Hong Kong’s annual inflation rate remained stable at 1.2% in November 2025, maintaining the highest level since July 2025 and unchanged from October. Faster price growth in food (1.1% vs 0.9% in October) and transport (3.5% vs 3.1%), along with a smaller decline in clothing and footwear (-4.1% vs -4.7%), was offset by slower price growth in miscellaneous services (1.9% vs 2.0%) and a further drop in electricity, gas and water (-0.5% vs -0.3%). Prices were unchanged in housing (1.6%), miscellaneous goods (1.3%), and durable goods (-3.3%). On a monthly basis, consumer prices were flat in November, following a 0.3% rise in October. Excluding the government’s one-off relief measures, the underlying inflation rate remained at 1.0%, unchanged from October.
Published on 2025-12-22

Hong Kong Inflation Holds at 1.2% in November
Hong Kong’s annual inflation rate remained stable at 1.2% in November 2025, maintaining the highest level since July 2025 and unchanged from October. Faster price growth in food (1.1% vs 0.9% in October) and transport (3.5% vs 3.1%), along with a smaller decline in clothing and footwear (-4.1% vs -4.7%), was offset by slower price growth in miscellaneous services (1.9% vs 2.0%) and a further drop in electricity, gas and water (-0.5% vs -0.3%). Prices were unchanged in housing (1.6%), miscellaneous goods (1.3%), and durable goods (-3.3%). On a monthly basis, consumer prices were flat in November, following a 0.3% rise in October. Excluding the government’s one-off relief measures, the underlying inflation rate remained at 1.0%, unchanged from October.
Published on 2025-12-22

Hong Kong Inflation Ticks Higher to 1.2%
Hong Kong’s annual inflation rate rose slightly to 1.2% in October 2025, the highest in four months, up from 1.1% in September. Price growth picked up notably for miscellaneous goods, rising to 1.3% from 0.4% in September, and for miscellaneous services, increasing to 2.0% from 1.6% Inflation also picked up for transport (3.1% vs 2.2%) and ticked higher for food (0.9% vs 0.8%). On the other hand, costs fell for utilities (-0.3% vs 0.4%), while clothing and footwear (-4.7% vs -3.7%) and durable goods (-3.3% vs -3.1%) continued to see deflation. Housing inflation eased slightly (1.6% vs 1.7%). On a monthly basis, consumer prices rose 0.3%, the largest increase in three months, after a 0.1% gain in September. Excluding the government’s one-off relief measures, the underlying inflation rate remained at 1.0%, unchanged from September.
Published on 2025-11-20

Hong Kong Inflation Ticks Higher to 1.2%
Hong Kong’s annual inflation rate rose slightly to 1.2% in October 2025, the highest in four months, up from 1.1% in September. Price growth picked up notably for miscellaneous goods, rising to 1.3% from 0.4% in September, and for miscellaneous services, increasing to 2.0% from 1.6% Inflation also picked up for transport (3.1% vs 2.2%) and ticked higher for food (0.9% vs 0.8%). On the other hand, costs fell for housing (-0.3% vs 0.4%), while clothing and footwear (-4.7% vs -3.7%) and durable goods (-3.3% vs -3.1%) continued to see deflation. Electricity, gas, and water inflation eased slightly (1.6% vs 1.7%). On a monthly basis, consumer prices rose 0.3%, the largest increase in three months, after a 0.1% gain in September. Excluding the government’s one-off relief measures, the underlying inflation rate remained at 1.0%, unchanged from September.
Published on 2025-11-20

Hong Kong Inflation Steady at 1.1% in September
Hong Kong’s annual inflation held steady at 1.1% in September 2025, matching the pace in the previous month. The stability reflected faster price rises in alcoholic drinks and tobacco (2.0% vs 1.8%), miscellaneous goods (0.4% vs 0.1%), and miscellaneous services (1.6% vs 1.5%), which were offset by slower growth in transport (2.2% vs 2.5%), electricity, gas, and water (0.4% vs 0.6%), and a steeper decline in clothing and footwear (-3.7% vs -2.8%). Meanwhile, housing (stable at 1.7%), food (0.8%), and durable goods (-3.1%) remained largely unchanged. On a month-over-month basis, consumer prices rose 0.1% in September, unchanged from August.
Published on 2025-10-23

Hong Kong Inflation Steady at 1.1% in September
Hong Kong’s annual inflation held steady at 1.1% in September 2025, matching the pace in August. On a month-over-month basis, consumer prices also rose 0.1%, unchanged from the previous month.
Published on 2025-10-23

Hong Kong Inflation Steady at 1.1% in September
Hong Kong’s annual inflation held steady at 1.1% in September 2025, matching the pace in the previous month. The stability reflected faster price rises in alcoholic drinks and tobacco (2.0% vs 1.8% in August), miscellaneous goods (0.4% vs 0.1%), and miscellaneous services (1.6% vs 1.5%), which were offset by slower growth in transport (2.2% vs 2.5%), electricity, gas, and water (0.4% vs 0.6%), and a steeper decline in clothing and footwear (-3.7% vs -2.8%). Meanwhile, housing (stable at 1.7%), food (0.8%), and durable goods (-3.1%) remained largely unchanged. On a month-over-month basis, consumer prices rose 0.1% in September, unchanged from August.
Published on 2025-10-23

Hong Kong Inflation Steady at 1.1% in September
Hong Kong’s annual inflation held steady at 1.1% in September 2025, matching the pace in August. The stability reflected faster price rises in alcoholic drinks and tobacco (2.0% vs 1.8%), miscellaneous goods (0.4% vs 0.1%), and miscellaneous services (1.6% vs 1.5%), which were offset by slower growth in transport (2.2% vs 2.5%), electricity, gas, and water (0.4% vs 0.6%), and a steeper decline in clothing and footwear (-3.7% vs -2.8%). Meanwhile, housing (stable at 1.7%), food (0.8%), and durable goods (-3.1%) remained largely unchanged. On a month-over-month basis, consumer prices rose 0.1% in September, unchanged from August.
Published on 2025-10-23

Hong Kong Inflation Edges Up to 1.1% in August
The annual inflation rate in Hong Kong edged up to 1.1% in August 2025 from 1.0% in the previous month, in line with market expectations. The increase was driven by faster price growth in transport (2.5% vs 1.4% in July), miscellaneous services (1.5% vs 0.9%), and alcoholic drinks and tobacco (1.8% vs 1.7%), as well as a smaller decline in clothing and footwear (-2.8% vs -3.4%). Meanwhile, housing (stable at 1.7%) and food (0.8%) remained steady. Conversely, the increase was partially offset by softer price growth in electricity, gas, and water (0.6% vs 0.7%), miscellaneous goods (0.1% vs 0.3%), and a further drop in durable goods (-3.1% vs -2.3%). On a month-over-month basis, consumer prices rose 0.1% in August, slowing from a 0.6% increase in July.
Published on 2025-09-22