Hong Kong’s annual inflation rate eased to 1.7% in July 2026, down from 2% in each of the previous two months. Inflation softened for housing, which eased sharply to 0.1% from 1.1%, and transport, which slowed to 5% from 5.3%. Additional downward pressure came from durable goods, whose prices fell 0.2% after dropping 1.1%, while inflation for clothing and footwear eased to 0.6% from 0.7%. In contrast, inflation rose for utilities (10.8% vs 9.2% in June) and overall food (0.5% vs 0.3%). The underlying composite CPI was unchanged at 1.9%, as inflation for fuel-related items stayed high while price pressures on other components were generally contained. On a monthly basis, consumer prices edged up 0.2%, following two consecutive months of flat readings. Looking ahead, authorities expect the continued feed-through of higher global oil prices on fuel-related components to pose upward pressure on inflation. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong decreased to 1.70 percent in July from 2 percent in June of 2026. Inflation Rate in Hong Kong averaged 3.89 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 August of 2026.

Inflation Rate in Hong Kong decreased to 1.70 percent in July from 2 percent in June of 2026. Inflation Rate in Hong Kong is expected to be 2.10 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
2026-07-21 08:30 AM
Inflation Rate YoY
Jun 2% 2% 2.2%
2026-08-20 08:30 AM
Inflation Rate YoY
Jul 1.7% 2% 1.7% 1.8%
2026-09-23 08:30 AM
Inflation Rate YoY
Aug 1.7%


Related Last Previous Unit Reference
Consumer Price Index CPI 110.70 110.40 points Jul 2026
CPI Transportation 117.40 116.20 points Jul 2026
Export Prices 115.10 113.70 points Jun 2026
Food Inflation 0.50 0.30 percent Jul 2026
GDP Deflator 102.20 99.10 points Jun 2026
Import Prices 114.10 112.40 points Jun 2026
Inflation Rate YoY 1.70 2.00 percent Jul 2026
Inflation Rate MoM 0.20 0.00 percent Jul 2026
Producer Prices 143.80 129.70 points Mar 2026
Producer Prices Change 17.70 9.50 percent Mar 2026


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
1.70 2.00 16.00 -6.10 1981 - 2026 percent Monthly
2019/2020=100

News Stream
Hong Kong Annual Inflation Eases in July
Hong Kong’s annual inflation rate eased to 1.7% in July 2026, down from 2% in each of the previous two months. Inflation softened for housing, which eased sharply to 0.1% from 1.1%, and transport, which slowed to 5% from 5.3%. Additional downward pressure came from durable goods, whose prices fell 0.2% after dropping 1.1%, while inflation for clothing and footwear eased to 0.6% from 0.7%. In contrast, inflation rose for utilities (10.8% vs 9.2% in June) and overall food (0.5% vs 0.3%). The underlying composite CPI was unchanged at 1.9%, as inflation for fuel-related items stayed high while price pressures on other components were generally contained. On a monthly basis, consumer prices edged up 0.2%, following two consecutive months of flat readings. Looking ahead, authorities expect the continued feed-through of higher global oil prices on fuel-related components to pose upward pressure on inflation.
2026-08-20
Hong Kong Inflation Stays at 2.0%
The annual inflation rate in Hong Kong stood at 2.0% in June 2026, unchanged from the prior month and remaining the highest level since April last year. Price growth accelerated for electricity, gas and water (9.2% vs. 6.6% in May), transport (5.3% vs. 5.1%), and miscellaneous services (5.2% vs. 5.1%). In contrast, inflation eased for food (0.3% vs. 0.7%), alcoholic drinks and tobacco (0.1% vs. 2.5%), clothing and footwear (0.7% vs. 1.0%), and miscellaneous goods (2.3% vs. 2.9%). Meanwhile, housing inflation was unchanged at 1.1%, while prices of durable goods continued to decline, though at a slightly slower pace (-1.1% vs. -1.2%). On a monthly basis, consumer prices were unchanged for a second consecutive month in June 2026. Authorities noted that while price increases for fuel-related items continued to accelerate, price pressures on other major components were relatively mild, offsetting some of the increases.
2026-07-21
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