Hong Kong Inflation Rate Hits 9-Month High

2026-03-20 09:00 By Kyrie Dichosa 1 min. read

The annual inflation rate in Hong Kong rose to 1.7% in February 2026, picking up from 1.1% in January, marking the highest reading since late May.

The acceleration was mainly driven by higher costs for food and non-alcoholic beverages (0.6% vs -0.3% in January), transport (4.4% vs 1.3%), and recreation, sport, and culture (7.7% vs -1.2%).

Prices also rose faster for furnishings, household equipment and maintenance (0.9% vs 0.5%) and health (10.7% vs 10.5%).

Conversely, inflation eased for alcoholic beverages and tobacco (1.8% vs 2.7%) and personal care, social protection, and miscellaneous goods and services (1.2% vs 1.9%), while it declined for clothing and footwear (-3.4% vs -2.3%).

On a monthly basis, the CPI grew by 0.5%, up from 0.2% in January.

Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, following a 1% gain in January.



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Hong Kong Inflation Rate Hits 9-Month High
The annual inflation rate in Hong Kong rose to 1.7% in February 2026, picking up from 1.1% in January, marking the highest reading since late May. The acceleration was mainly driven by higher costs for food and non-alcoholic beverages (0.6% vs -0.3% in January), transport (4.4% vs 1.3%), and recreation, sport, and culture (7.7% vs -1.2%). Prices also rose faster for furnishings, household equipment and maintenance (0.9% vs 0.5%) and health (10.7% vs 10.5%). Conversely, inflation eased for alcoholic beverages and tobacco (1.8% vs 2.7%) and personal care, social protection, and miscellaneous goods and services (1.2% vs 1.9%), while it declined for clothing and footwear (-3.4% vs -2.3%). On a monthly basis, the CPI grew by 0.5%, up from 0.2% in January. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, following a 1% gain in January.
2026-03-20
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.
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