Hong Kong’s annual inflation rate rose to 1.9% in September 2026 from 1.7% in August, above market expectations of 1.8%. This marked the highest reading in three months, as price growth accelerated for electricity, gas and water (12.9% vs 11.5% in August), transport (5.2% vs 3.9%), miscellaneous services (5.3% vs 4.7%), and housing (0.2% vs 0.1%). Inflation also picked up for durable goods, reaching 1.1% from 0.8%, while clothing and footwear prices rose 0.3% after remaining unchanged a month earlier. Meanwhile, food inflation eased slightly to 0.5% from 0.6%, and price growth slowed for miscellaneous goods (2.1% vs 2.5%). Prices for alcoholic drinks and tobacco fell 0.4% after remaining unchanged in August. On a monthly basis, consumer prices rose 0.3%, following a 0.1% increase in August. The underlying Composite CPI, which excludes the effects of all one-off government relief measures, rose 2.1% year-on-year, up from 1.9% in August. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong increased to 1.90 percent in September from 1.70 percent in August 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 October of 2026.

Inflation Rate in Hong Kong increased to 1.90 percent in September from 1.70 percent in August 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
2026-09-23 08:30 AM
Inflation Rate YoY
Aug 1.7% 1.7% 1.9%
2026-10-22 08:30 AM
Inflation Rate YoY
Sep 1.9% 1.7% 1.8% 1.9%
2026-11-20 08:30 AM
Inflation Rate YoY
Oct 1.9% 1.9%


Related Last Previous Unit Reference
Consumer Price Index CPI 111.20 110.80 points Sep 2026
CPI Transportation 117.50 117.90 points Sep 2026
Export Prices 120.80 115.70 points Aug 2026
Food Inflation 0.50 0.60 percent Sep 2026
GDP Deflator 102.20 99.10 points Jun 2026
Import Prices 119.90 115.10 points Aug 2026
Inflation Rate YoY 1.90 1.70 percent Sep 2026
Inflation Rate MoM 0.30 0.10 percent Sep 2026
Producer Prices 140.20 143.80 points Jun 2026
Producer Prices Change 13.10 17.70 percent Jun 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
1.90 1.70 16.00 -6.10 1981 - 2026 percent Monthly
2019/2020=100

News Stream
Hong Kong Inflation Rises More Than Expected
Hong Kong’s annual inflation rate rose to 1.9% in September 2026 from 1.7% in August, above market expectations of 1.8%. This marked the highest reading in three months, as price growth accelerated for electricity, gas and water (12.9% vs 11.5% in August), transport (5.2% vs 3.9%), miscellaneous services (5.3% vs 4.7%), and housing (0.2% vs 0.1%). Inflation also picked up for durable goods, reaching 1.1% from 0.8%, while clothing and footwear prices rose 0.3% after remaining unchanged a month earlier. Meanwhile, food inflation eased slightly to 0.5% from 0.6%, and price growth slowed for miscellaneous goods (2.1% vs 2.5%). Prices for alcoholic drinks and tobacco fell 0.4% after remaining unchanged in August. On a monthly basis, consumer prices rose 0.3%, following a 0.1% increase in August. The underlying Composite CPI, which excludes the effects of all one-off government relief measures, rose 2.1% year-on-year, up from 1.9% in August.
2026-10-22
Hong Kong Inflation Rate Holds Steady
Hong Kong’s annual inflation rate stood at 1.7% in August 2026, unchanged from the previous month. Price growth remained steady for housing, at 0.1%, while inflation accelerated slightly for food (0.6% vs 0.5%) and electricity, gas and water (11.5% vs 10.8%). Price growth for durable goods also rebounded, rising 0.8% following a 0.2% decline. Meanwhile, inflation softened further for transport, slowing to 3.9% from 5%, while prices for clothing and footwear and alcoholic drinks and tobacco remained unchanged from a year earlier. The underlying Composite CPI, which excludes the effects of all one-off government relief measures, was unchanged at 1.9%, as price pressures remained largely under control despite inflation related to fuel remaining high. On a monthly basis, consumer prices edged up 0.1%, slowing from a 0.2% increase in July. Looking ahead, authorities expect the continued feed-through of higher global oil prices on fuel-related components to pose upward pressure on inflation.
2026-09-23
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