The annual inflation rate in Hong Kong rose to 2.0% in May 2026, from a 1.7% increase in the previous month and marking the highest reading since April last year. Price growth accelerated in electricity, gas and water (6.6% vs 5.5%) and transport (5.1% vs 4.3%), while increases were also seen in miscellaneous services (5.1% vs 4.5%) and miscellaneous goods (2.9% vs 2.6%). Food inflation was unchanged at 0.7%, while housing edged up slightly to 1.1% from 1.0%. Alcoholic drinks and tobacco rose to 2.5% from 2.3%. Durable goods deflation moderated, easing to -1.2% from -1.9%. On a monthly basis, consumer prices were flat in May, following a 0.1% decline in April. Authorities noted that although easing geopolitical tensions in the Middle East have pushed down recent oil prices, earlier spikes in energy costs will continue to feed through fuel-related components in the coming months. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong increased to 2 percent in May from 1.70 percent in April of 2026. Inflation Rate in Hong Kong averaged 3.90 percent from 1981 until 2026, reaching an all time high of 16.00 percent in October of 1981 and a record low of -6.10 percent in August of 1999. This page provides the latest reported value for - Hong Kong Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Inflation Rate in Hong Kong increased to 2 percent in May from 1.70 percent in April of 2026. Inflation Rate in Hong Kong is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Inflation Rate is projected to trend around 1.90 percent in 2027 and 1.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-21 08:30 AM
Inflation Rate YoY
Apr 1.7% 1.7% 2.6%
2026-06-23 08:30 AM
Inflation Rate YoY
May 2% 1.7% 2.1%
2026-07-21 08:30 AM
Inflation Rate YoY
Jun 2% 2.4%


Related Last Previous Unit Reference
Consumer Price Index CPI 110.40 110.40 points May 2026
CPI Transportation 116.30 117.30 points May 2026
Export Prices 109.70 106.70 points Apr 2026
Food Inflation 0.70 0.70 percent May 2026
GDP Deflator 98.80 101.60 points Mar 2026
Import Prices 109.20 106.80 points Apr 2026
Inflation Rate YoY 2.00 1.70 percent May 2026
Inflation Rate MoM 0.00 -0.10 percent May 2026
Producer Prices 129.70 127.60 points Dec 2025
Producer Prices Change 9.50 7.70 percent Dec 2025


Hong Kong Inflation Rate
In Hong Kong, the composite consumer price index is based on a monthly survey conducted throughout the territory. The indicator consists of 980 consumer goods and services classified into 9 major groups. Housing accounts for 40.3 percent of total weight, Food for 27.4 percent and Miscellaneous Services such as education, communications, information and medical care for 13.1 percent. Transport constitutes 6.2 percent of total index; Durable Goods for 4 percent; Miscellaneous Goods for 3.3 percent and Clothing and Footwear for 2.4 percent. Electricity, Gas and Water account for 2.8 percent and Alcoholic Drinks and Tobacco for the remaining 0.5 percent.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.70 16.00 -6.10 1981 - 2026 percent Monthly
2019/2020=100

News Stream
Hong Kong Inflation Hits 13-Month High in May
The annual inflation rate in Hong Kong rose to 2.0% in May 2026, from a 1.7% increase in the previous month and marking the highest reading since April last year. Price growth accelerated in electricity, gas and water (6.6% vs 5.5%) and transport (5.1% vs 4.3%), while increases were also seen in miscellaneous services (5.1% vs 4.5%) and miscellaneous goods (2.9% vs 2.6%). Food inflation was unchanged at 0.7%, while housing edged up slightly to 1.1% from 1.0%. Alcoholic drinks and tobacco rose to 2.5% from 2.3%. Durable goods deflation moderated, easing to -1.2% from -1.9%. On a monthly basis, consumer prices were flat in May, following a 0.1% decline in April. Authorities noted that although easing geopolitical tensions in the Middle East have pushed down recent oil prices, earlier spikes in energy costs will continue to feed through fuel-related components in the coming months.
2026-06-23
Hong Kong Inflation Rate Remains at 1.7%
The annual inflation rate in Hong Kong stood at 1.7% in April 2026, unchanged from the previous two months and remaining at its highest reading since May last year. Price growth mainly picked up for electricity, gas and water (5.5% vs 3.9% in March) and transport (4.3% vs 3.9%). The government spokesman noted that, as global oil prices remain elevated, the pass-through to fuel-related components of consumer prices is expected to persist. Yet price pressures from other fronts remained generally contained, reflected in easing inflation for food (0.7% vs 0.9%), miscellaneous goods (2.6% vs 2.8%), and services (4.5% vs 4.6%), while costs continued to decline for clothing and footwear (-0.3% vs -0.7%) and durable goods (-1.9% vs -2.2%). On a monthly basis, consumer prices fell 0.1%, the first decline since May last year and following a flat reading in the prior period. Excluding the government’s one-off relief measures, underlying annual inflation came in at 1.6%, unchanged from March.
2026-05-21
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.
2026-04-23