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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. 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 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

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

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, 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%). 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

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

Hong Kong Inflation Hits 4-Year Low
The annual inflation rate in Hong Kong eased to 1.0% in July 2025 from 1.4% in the previous month, marking the slowest pace since June 2021. The moderation was driven by softer price gains in housing (1.8% vs 2.8% in June), transport (1.4% vs 1.9%), miscellaneous goods (0.3% vs 1.3%), and electricity, gas, and water (0.7% vs 1.6%). In contrast, prices rose faster in food (0.8% vs 0.7%) and alcoholic drinks and tobacco (1.7% vs 1.4%), while declines eased in durable goods (-2.3% vs -2.5%) and clothing and footwear (-3.3% vs -4.1%). On a month-over-month basis, consumer prices increased by 0.6% in July, the fastest pace in a year, following a flat reading in June.
Published on 2025-08-21

Hong Kong Inflation Slows to 1.4% in June
The annual inflation rate in Hong Kong eased to 1.4% in June 2025 from 1.9% in the previous month, marking the slowest pace in three months. The slowdown was primarily driven by softer price gains in housing (2.8% vs 2.9% in May), transport (1.9% vs 2.2%), miscellaneous services (1.0% vs 1.4%), and electricity, gas, and water (1.6% vs 19.7%), along with a steeper decline in durable goods prices (-2.5% vs -2.3%). The downward pressure was partially offset by faster price increases in food (0.7% vs 0.4%), alcoholic drinks and tobacco (1.4% vs 0.5%), and miscellaneous goods (1.3% vs 0.5%). Meanwhile, the decline in clothing and footwear prices moderated (-4.1% vs -5.3%). On a month-over-month basis, consumer prices remained flat in June, following a 0.3% drop in May.
Published on 2025-07-21

Hong Kong Inflation Slows to 1.4% in June
The annual inflation rate in Hong Kong eased to 1.4% in June 2025 from 1.9% in the previous month, marking the slowest pace in three months. The slowdown was primarily driven by softer price gains in housing (2.8% vs 2.9%), transport (1.9% vs 2.2%), miscellaneous services (1.0% vs 1.4%), and electricity, gas, and water (1.6% vs 19.7%), along with a steeper decline in durable goods prices (-2.5% vs -2.3%). The downward pressure was partially offset by faster price increases in food (0.7% vs 0.4%), alcoholic drinks and tobacco (1.4% vs 0.5%), and miscellaneous goods (1.3% vs 0.5%). Meanwhile, the decline in clothing and footwear prices moderated (-4.1% vs -5.3%). On a month-over-month basis, consumer prices remained flat in June, following a 0.3% drop in May.
Published on 2025-07-21

Hong Kong Inflation Slows to 1.4% in June
The annual inflation rate in Hong Kong eased to 1.4% in June 2025 from 1.9% in the previous month, marking the slowest pace in three months. The slowdown was primarily driven by softer price gains in housing (2.8% vs 2.9%), transport (1.9% vs 2.2%), miscellaneous services (1.0% vs 1.4%), and electricity, gas, and water (1.6% vs 19.7%), along with a steeper decline in durable goods prices (-2.5% vs -2.3%). The downward pressure was partially offset by faster price increases in food (0.7% vs 0.4%), alcoholic drinks and tobacco (1.4% vs 0.5%), and miscellaneous goods (1.3% vs 0.5%). Meanwhile, the decline in clothing and footwear prices moderated (-4.1% vs -5.3%). On a month-over-month basis, consumer prices remained flat in June, following a 0.3% drop in May.
Published on 2025-07-21