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. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong increased to 1.40 percent in December from 1.20 percent in November of 2025. Inflation Rate in Hong Kong averaged 3.92 percent from 1981 until 2025, 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 increased to 1.40 percent in December from 1.20 percent in November 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
2025-12-22 08:30 AM
Inflation Rate YoY
Nov 1.2% 1.2% 1.0%
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 1.4% 1.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 109.80 109.40 points Dec 2025
CPI Transportation 115.00 112.60 points Dec 2025
Export Prices 107.50 107.50 points Nov 2025
Food Inflation 1.00 1.10 percent Dec 2025
GDP Deflator 106.90 103.80 points Sep 2025
Import Prices 106.90 106.80 points Nov 2025
Inflation Rate YoY 1.40 1.20 percent Dec 2025
Inflation Rate MoM 0.30 0.00 percent Dec 2025
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
1.40 1.20 16.00 -6.10 1981 - 2025 percent Monthly
2019/2020=100

News Stream
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
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.
2025-11-20