Core Insights - The overall consumer price index (CPI) in Macau increased by 0.47% year-on-year and 0.10% month-on-month as of September 2025, with an average CPI increase of 0.24% over the past twelve months compared to the previous year [1][2] Price Index Summary - The food and non-alcoholic beverages category saw a year-on-year price increase of 0.56%, driven by higher costs for dining out and takeout services, while housing rent increases contributed to a 0.37% rise in the housing and fuel category [1] - The most significant year-on-year increases were observed in recreation, sports, and culture (+2.81%), while the information and communication (-2.94%) and clothing (-1.43%) categories experienced declines [1][2] - Month-on-month, the CPI rose by 0.10%, with food and non-alcoholic beverages increasing by 0.23%, primarily due to higher vegetable prices and dining costs [1] - The education category also saw a month-on-month increase of 0.94%, while recreation, sports, and culture (-0.64%) and transportation (-0.56%) categories declined due to lower travel and accommodation costs post-summer [1] Average Price Index Changes - For the twelve months ending September 2025, the average CPI increased by 0.24%, with notable increases in miscellaneous goods and services (+2.07%), recreation, sports, and culture (+1.47%), and education (+1.08%) [2] - The average CPI for the third quarter rose by 0.29% year-on-year, with the first nine months of the year showing a 0.22% increase compared to the same period last year [2] Weighting of Categories - The weightings of various categories in the CPI reflect their impact on household spending, with housing and fuel, food and non-alcoholic beverages, and transportation being the most significant contributors [4] - The food and non-alcoholic beverages category has a weighting of 29.47%, while housing and fuel account for 34.47% of household expenditures [4]

Core Insights - The overall Consumer Price Index (CPI) in Hong Kong increased by 1.1% year-on-year in September 2025, consistent with the rise in August 2025 [1] - The underlying inflation rate, excluding one-off government relief measures, was 1.0% in September 2025, slightly lower than the 1.1% recorded in August 2025 [1][3] - The average monthly increase in the seasonally adjusted CPI for the three months ending September 2025 was 0.3%, unchanged from the previous three months [2] CPI Breakdown - The year-on-year increases in the CPI for categories A, B, and C in September 2025 were 1.5%, 0.9%, and 0.8%, respectively, compared to 1.5%, 1.0%, and 0.9% in August 2025 [1][2] - Excluding government relief measures, the year-on-year increases for categories A, B, and C were 1.4%, 0.9%, and 0.8% in September 2025, similar to the previous month [1] Price Changes by Category - In September 2025, categories that recorded year-on-year price increases included transportation (up 2.2%), tobacco and alcohol (up 2.0%), housing (up 1.7%), miscellaneous services (up 1.6%), dining out and takeaways (up 1.2%), miscellaneous items (up 0.4%), and utilities (up 0.4%) [2] - Conversely, categories that experienced year-on-year price declines included clothing (down 3.7%) and durable goods (down 3.1%) [2] Year-to-Date and Quarterly Trends - For the first nine months of 2025, the overall CPI increased by 1.5%, with category A, B, and C increases of 2.0%, 1.3%, and 1.1%, respectively [3] - In the third quarter of 2025, the overall CPI rose by 1.1%, with category A, B, and C increases of 1.5%, 1.0%, and 0.7%, respectively [3] - Over the twelve months ending September 2025, the overall CPI averaged a year-on-year increase of 1.5% [3] Future Outlook - A government spokesperson indicated that inflation remains mild, with stable price pressures across major components [3] - The outlook suggests that overall inflation is expected to remain mild in the short term due to controlled local cost increases and limited external price pressures [3]

Core Insights - The overall consumer price index (CPI) in Macau increased by 0.27% year-on-year in August 2025, and by 0.11% month-on-month [1] - For the twelve months leading up to August this year, the average CPI rose by 0.25% compared to the same period last year [2] Price Index Changes - The food and non-alcoholic beverages category saw a price index increase of 0.44% year-on-year, driven by higher dining and takeaway costs [1] - Housing and fuel categories also rose by 0.33% due to increased rental prices [1] - The most significant year-on-year increase was observed in recreation, sports, and culture at +2.45% [1] - Conversely, the information and communications category experienced a decline of 3.00%, while clothing dropped by 2.09% [1] Monthly Changes - Compared to July, the overall CPI rose by 0.11% in August [1] - The food and non-alcoholic beverages category increased by 0.05%, influenced by higher vegetable prices and dining costs, while fruit prices decreased [1] - The transportation category saw an increase of 0.87% due to higher airfare prices [1] - The clothing category decreased by 0.47%, and miscellaneous goods and services fell by 0.11% month-on-month [1] Average Price Index for the Year - For the first eight months of this year, the average CPI increased by 0.19% year-on-year, with food and non-alcoholic beverages rising by 0.46% [2] - The average price indices for Class A and Class B goods rose by 0.14% and 0.22%, respectively [2]

Core Viewpoint - The overall consumer price index (CPI) in Hong Kong increased by 1.1% year-on-year in August 2025, indicating a mild inflationary environment [1] Summary by Categories Consumer Price Index Trends - The combined CPI for the first eight months of the year rose by 1.5% year-on-year [1] - For the three months ending in August, the CPI increased by 1.2% year-on-year [1] Price Increases by Category - Categories with year-on-year price increases in August include: - Transportation: up 2.5% - Tobacco and Alcohol: up 1.8% - Housing: up 1.7% - Miscellaneous Services: up 1.5% - Dining Out and Takeaway: up 1.3% - Electricity, Gas, and Water: up 0.1% - Miscellaneous Goods: up 0.1% [1] Price Decreases by Category - Categories with year-on-year price decreases in August include: - Durable Goods: down 3.1% - Clothing and Footwear: down 2.8% - Basic Food: down 0.1% [1] Future Outlook - A government spokesperson indicated that inflation remains at a mild level, with price pressures across major components being largely controlled [1] - Future local cost and external price pressures are expected to remain manageable, suggesting that overall inflation will likely stay mild in the short term [1]

Core Insights - The overall Consumer Price Index (CPI) in Hong Kong increased by 1.1% year-on-year in August 2025, slightly higher than the 1.0% increase in July 2025 [1][3] - The basic inflation rate, excluding one-off government relief measures, also recorded a year-on-year increase of 1.1% in August 2025, up from 1.0% in July 2025 [1][3] - The average monthly increase in the CPI for the three months ending August 2025 was 0.3%, compared to 0.2% for the three months ending July 2025 [1][2] Detailed Breakdown - The year-on-year increases in the CPI categories for August 2025 were as follows: Class A (1.5%), Class B (1.0%), and Class C (0.9%), compared to July 2025's increases of 1.5%, 0.9%, and 0.6% respectively [1][2] - The average monthly change rates for the three months ending August 2025 were 0.4% for Class A, 0.3% for Class B, and 0.3% for Class C, while the rates for the three months ending July 2025 were 0.4%, 0.2%, and 0.1% respectively [2] - Categories that saw year-on-year price increases in August 2025 included Transportation (up 2.5%), Tobacco and Alcohol (up 1.8%), Housing (up 1.7%), Miscellaneous Services (up 1.5%), Dining Out and Takeaway (up 1.3%), and Utilities (up 0.6%) [2] - Conversely, categories that experienced year-on-year price declines included Durable Goods (down 3.1%), Clothing (down 2.8%), and Basic Food (down 0.1%) [2] - For the first eight months of 2025, the overall CPI rose by 1.5%, with Class A, B, and C indices increasing by 2.1%, 1.4%, and 1.1% respectively [3] - The CPI for the three months ending August 2025 rose by 1.2% year-on-year, with Class A, B, and C indices increasing by 1.6%, 1.1%, and 0.8% respectively [3] - A government spokesperson indicated that inflation remains at a mild level, with price pressures across major components being generally controlled [3]

Group 1 - The core viewpoint of the articles indicates that the Macau Composite Consumer Price Index (CPI) has shown a slight increase, with a year-on-year rise of 0.12% in July 2025 and an average increase of 0.28% over the past twelve months [1][2] - The food and non-alcoholic beverages category saw a year-on-year price increase of 0.30%, driven by higher costs for dining out and takeout services, while housing rent adjustments contributed to a 0.22% rise in the housing and fuel category [1][2] - The most significant year-on-year increase was observed in the recreation, sports, and culture category, which rose by 3.21%, while the information and communication category and clothing category experienced declines of 3.00% and 2.54%, respectively [1][2] Group 2 - Month-on-month, the CPI increased by 0.11% in July compared to June, with the food and non-alcoholic beverages category rising slightly by 0.04% [2] - The recreation, sports, and culture category saw a month-on-month increase of 2.03%, influenced by higher tour and hotel prices, while transportation also rose by 0.72% due to increased airfare and gasoline prices [2] - The average CPI for the first seven months of the year increased by 0.18%, with food and non-alcoholic beverages rising by 0.46% [2] Group 3 - The Macau Statistics and Census Service has compiled three series of consumer price indices to reflect the impact of price changes on different household expenditure groups, with Class A and Class B indices covering approximately 50% and 30% of households, respectively [3] - The average monthly expenditure for Class A households ranges from 11,000 to 35,999 MOP, while Class B households range from 36,000 to 71,999 MOP [3] - The categories of housing and fuel, food and non-alcoholic beverages, and transportation have a significant weight in household expenditure, accounting for 34.47%, 29.47%, and 8.33%, respectively [3]

Core Viewpoint - The overall consumer price index (CPI) in Hong Kong increased by 1.0% year-on-year in July, indicating a slight inflationary trend [1][2]. Group 1: Consumer Price Index Analysis - The composite CPI rose by 1.5% year-on-year for the three months ending July 2025, which is lower than the 1.4% increase in June [1]. - The seasonally adjusted average monthly change in the composite CPI for the three months ending July 2025 was 0.2%, with a corresponding rate of 0.1% when excluding all one-off government relief measures [1]. - The year-on-year increases in the CPI for categories A, B, and C in July were 1.5%, 0.9%, and 0.6%, respectively, with the same rates being 1.4%, 0.9%, and 0.6% when excluding government relief measures [1]. Group 2: Price Changes by Category - In July, the categories that saw year-on-year price increases included housing (1.8%), tobacco and alcohol (1.7%), transportation (1.4%), and dining out and takeaway (1.3%) [1]. - Conversely, the categories that experienced year-on-year price declines were clothing (-3.3%), durable goods (-2.3%), and basic food items (-0.1%) [1]. Group 3: Future Outlook - A government spokesperson indicated that inflation remains mild, with price pressures on major components being largely controlled [2]. - The overall inflation is expected to remain mild in the short term due to manageable local costs and external price pressures [2].

Core Viewpoint - The Consumer Price Index (CPI) in Hong Kong increased by 1% year-on-year in July 2025, a decrease from the 1.4% rise in June 2025, indicating controlled inflation levels in the region [1] Summary by Categories Inflation Trends - The basic inflation rate, excluding one-off government relief measures, stands at 1% [1] - The overall inflation is expected to remain mild in the short term [1] Price Changes by Category - Housing prices increased by 1.8% year-on-year [1] - Tobacco and alcohol prices rose by 1.7% year-on-year [1] - Transportation costs went up by 1.4% year-on-year [1] - Dining out and takeaway services saw a 1.3% increase year-on-year [1] - Miscellaneous services increased by 1% year-on-year [1] - Utilities such as electricity, gas, and water rose by 0.7% year-on-year [1] - Miscellaneous goods experienced a 0.3% increase year-on-year [1] - Clothing prices decreased by 3.3% year-on-year [1] - Durable goods saw a decline of 2.3% year-on-year [1] - Basic food prices fell by 0.1% year-on-year [1]

Core Insights - The overall consumer price index (CPI) in Hong Kong increased by 1.0% year-on-year in July 2025, down from 1.4% in June 2025, primarily due to lower property tax relief measures compared to the previous year [1] - The basic inflation rate, excluding one-off government relief measures, remained at 1.0% in July 2025, consistent with June 2025 [1] - The average monthly change rate of the CPI for the three months ending July 2025 was 0.2%, compared to 0.0% for the three months ending June 2025 [1] Detailed Breakdown - The year-on-year increases in the consumer price indices for categories A, B, and C in July 2025 were 1.5%, 0.9%, and 0.6%, respectively, down from 2.1%, 1.3%, and 0.9% in June 2025 [2] - Excluding government relief measures, the year-on-year increases for categories A, B, and C in July 2025 were 1.4%, 0.9%, and 0.6%, compared to 1.5%, 0.9%, and 0.7% in June 2025 [2] - The average monthly change rates for categories A, B, and C for the three months ending July 2025 were 0.4%, 0.2%, and 0.1%, respectively, compared to 0.0% for the three months ending June 2025 [2] Price Changes by Category - In July 2025, the categories with year-on-year price increases included housing (up 1.8%), tobacco and alcohol (up 1.7%), transportation (up 1.4%), dining out and takeout (up 1.3%), miscellaneous services (up 1.0%), and utilities (up 0.7%) [3] - Conversely, categories with year-on-year price decreases included clothing (down 3.3%), durable goods (down 2.3%), and basic food items (down 0.1%) [3] - For the first seven months of 2025, the overall CPI increased by 1.6% year-on-year, with category A, B, and C indices rising by 2.2%, 1.4%, and 1.1%, respectively [3] Annual Overview - For the twelve months ending July 2025, the overall CPI increased by an average of 1.7% year-on-year, with category A, B, and C indices rising by 2.2%, 1.5%, and 1.3%, respectively [4] - Excluding one-off government relief measures, the corresponding increases were 1.2%, 1.4%, 1.1%, and 1.0% [4] - A government spokesperson indicated that the inflation in July remained mild, with the basic CPI year-on-year increase at 1.0%, similar to the previous month, and price pressures in major components being generally controlled [4]

Core Viewpoint - The overall consumer price index (CPI) in Hong Kong increased by 1.4% year-on-year in June 2025, a decrease from the 1.9% rise in May 2025, primarily due to reduced electricity subsidies provided by the government in June compared to May [1][3] Group 1: Consumer Price Index Analysis - The basic inflation rate, excluding one-off government relief measures, was 1.0% in June 2025, unchanged from May 2025 [1][3] - The seasonally adjusted average monthly change in the CPI for the three months ending June 2025 was 0.0%, compared to -0.1% for the three months ending May 2025 [2] - The year-on-year increases in the CPI for categories A, B, and C in June 2025 were 2.1%, 1.3%, and 0.9% respectively, down from 2.8%, 1.6%, and 1.2% in May 2025 [1][2] Group 2: Detailed Category Analysis - In June 2025, the categories with year-on-year price increases included housing (up 2.8%), transportation (up 1.9%), and electricity, gas, and water (up 1.6%) [2] - Conversely, categories that recorded year-on-year price declines included clothing (down 4.1%), durable goods (down 2.5%), and basic food items (down 0.4%) [2] - For the first half of 2025, the overall CPI rose by 1.7%, with category A, B, and C indices increasing by 2.3%, 1.5%, and 1.2% respectively [3]