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. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong decreased to 1.10 percent in January from 1.40 percent in December of 2025. Inflation Rate in Hong Kong averaged 3.92 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 February of 2026.

Inflation Rate in Hong Kong decreased to 1.10 percent in January from 1.40 percent in December of 2025. Inflation Rate in Hong Kong is expected to be 1.60 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
2026-01-22 08:30 AM
Inflation Rate YoY
Dec 1.4% 1.2% 1.2%
2026-02-25 08:30 AM
Inflation Rate YoY
Jan 1.1% 1.4% 1.2% 1.3%
2026-03-20 08:30 AM
Inflation Rate YoY
Feb 1.1%


Related Last Previous Unit Reference
Consumer Price Index CPI 110.00 109.80 points Jan 2026
CPI Transportation 113.00 115.00 points Jan 2026
Export Prices 107.70 107.50 points Dec 2025
Food Inflation 0.50 1.00 percent Jan 2026
GDP Deflator 105.70 107.30 points Dec 2025
Import Prices 108.40 106.90 points Dec 2025
Inflation Rate YoY 1.10 1.40 percent Jan 2026
Inflation Rate MoM 0.20 0.30 percent Jan 2026
Producer Prices 127.70 123.90 points Sep 2025
Producer Prices Change 7.70 4.00 percent Sep 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
1.10 1.40 16.00 -6.10 1981 - 2026 percent Monthly
2019/2020=100

News Stream
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.
2026-02-25
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.
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. Excluding the government’s one-off relief measures, the underlying inflation rate remained at 1.0%, unchanged from October.
2025-12-22