香港政府统计处：2026年1月整体消费物价同比上升1.1%

Core Viewpoint - The overall consumer price index (CPI) in Hong Kong increased by 1.1% year-on-year in January 2026, a decrease from the 1.4% rise in December 2025, indicating a slowdown in inflation [1][3]. Group 1: Consumer Price Index Overview - The basic inflation rate, excluding one-off government relief measures, was 1.0% year-on-year in January 2026, down from 1.2% in December 2025 [1][3]. - The average monthly increase in the seasonally adjusted CPI for the three months ending January 2026 was 0.2%, consistent with the previous three months ending December 2025 [1][2]. Group 2: Subcategory Analysis - The year-on-year increases in the CPI subcategories for January 2026 were as follows: Class A (1.3%), Class B (1.2%), and Class C (0.9%), compared to December 2025 where the increases were 1.5%, 1.3%, and 1.4% respectively [1][2]. - Excluding government relief measures, the year-on-year increases for Class A, B, and C in January 2026 were 1.0%, 1.0%, and 0.9%, respectively, compared to 1.0%, 1.2%, and 1.4% in December 2025 [1][2]. Group 3: Price Changes by Category - Categories that recorded year-on-year price increases in January 2026 included electricity, gas, and water (up 3.0%), miscellaneous services (up 2.9%), tobacco and alcohol (up 2.7%), miscellaneous goods (up 2.3%), transportation (up 1.3%), housing (up 1.1%), and dining out and takeout (up 1.0%) [2]. - Conversely, categories that experienced year-on-year price declines included durable goods (down 2.8%), clothing (down 2.3%), and basic food items (down 0.3%) [2]. Group 4: Future Outlook - The government spokesperson indicated that inflation remains mild, with the basic CPI expected to maintain a slight increase in the short term due to controlled price pressures across major components [3]. - Future external price pressures are anticipated to remain moderate, while local costs may rise slightly as the Hong Kong economy continues to grow [3].