Core Viewpoint - The Consumer Price Index (CPI) in Hong Kong for January 2026 shows a year-on-year increase of 1.1%, a decrease from 1.4% in December 2025, indicating a slowdown in inflation rates [1][4]. Summary by Categories Overall CPI - The basic inflation rate, excluding one-off government relief measures, is 1.0% for January 2026, down from 1.2% in December 2025 [1][4]. - The average monthly increase in the CPI for the three months ending January 2026 is 0.2%, consistent with the previous three months [1]. Sub-Indices - The year-on-year increases for the categories of the CPI in January 2026 are as follows: Class A at 1.3%, Class B at 1.2%, and Class C at 0.9%, all lower than December 2025 figures [2]. - The average monthly increase for the three months ending January 2026 for Class A, B, and C is 0.3%, 0.2%, and 0.2% respectively, compared to 0.1%, 0.2%, and 0.3% in the previous period [2]. Price Changes by Category - Categories with year-on-year price increases in January 2026 include: 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 takeaways (up 1.0%) [3]. - Categories experiencing year-on-year price declines include durable goods (down 2.8%), clothing (down 2.3%), and basic food items (down 0.3%) [3]. Future Outlook - The government spokesperson indicates that inflation remains mild, with the basic CPI expected to maintain a slight increase due to controlled price pressures across major components [4]. - Future external price pressures are anticipated to remain moderate, while local costs may rise slightly with continued economic growth in Hong Kong [4].

Core Viewpoint - The overall consumer price index (CPI) in Hong Kong increased by 1.4% year-on-year in December 2025, up from a 1.2% increase in November 2025, indicating a slight rise in inflation pressures driven by higher travel and transportation costs [1] Group 1: Consumer Price Index Overview - The CPI for December 2025 showed a year-on-year increase of 1.4%, with the basic inflation rate (excluding one-off government relief measures) at 1.2%, up from 1.0% in November 2025 [1] - The seasonally adjusted average monthly increase in CPI for the three months ending December 2025 was 0.2%, compared to 0.1% for the three months ending November 2025 [1][2] - The year-on-year increases in the CPI categories for December 2025 were 1.5% for Category A, 1.3% for Category B, and 1.4% for Category C, with respective increases of 1.5%, 1.1%, and 1.1% in November 2025 [1] Group 2: Detailed Price Changes - In December 2025, categories with year-on-year price increases included transportation (up 4.3%), miscellaneous services (up 2.3%), tobacco and alcohol (up 2.0%), housing (up 1.6%), miscellaneous goods (up 1.2%), dining out and takeaways (up 1.1%), and basic food items (up 0.7%) [2] - Conversely, categories that recorded year-on-year price declines included durable goods (down 2.6%), clothing (down 1.7%), and electricity, gas, and water (down 1.6%) [2] Group 3: Quarterly and Annual Trends - In the fourth quarter of 2025, the CPI rose by 1.3% year-on-year, with Category A, B, and C indices increasing by 1.4%, 1.2%, and 1.2% respectively [3] - For the entire year of 2025, the CPI increased by 1.4%, with Category A, B, and C indices rising by 1.9%, 1.3%, and 1.1% respectively [3] - The government spokesperson noted that inflation remained mild in December 2025, with the basic CPI rising by 1.2% year-on-year, and the overall inflation expected to remain mild in the short term due to controlled price pressures [3]

Group 1 - The overall consumer price index in Hong Kong increased by 1.2% year-on-year in November, consistent with the rise in October [1] - Excluding the impact of one-off government relief measures, the underlying inflation rate for November was 1%, also unchanged from October [1] - Categories that saw year-on-year price increases in November included transportation (up 3.5%), tobacco and alcohol (up 2.1%), miscellaneous services (up 1.9%), housing (up 1.6%), dining out and takeaways (up 1.3%), miscellaneous items (up 1.3%), and basic food items (up 0.7%) [1] Group 2 - Categories that experienced year-on-year price declines included clothing (down 4.1%), durable goods (down 3.3%), and utilities such as electricity, gas, and water (down 0.5%) [1] - A government spokesperson indicated that inflation remains at a low level, with price pressures across major components being generally controlled [1] - Looking ahead, overall inflation is expected to remain mild in the short term due to controlled cost pressures from both local and external sources [1]

Core Viewpoint - The overall consumer price index (CPI) in Hong Kong increased by 1.2% year-on-year in November 2025, maintaining the same growth rate as October 2025. The basic inflation rate, excluding one-off government relief measures, was 1.0% for the same period [1][3]. Group 1: Consumer Price Index Overview - The average monthly increase in the seasonally adjusted CPI for the three months ending November 2025 was 0.1%, consistent with the previous three months [1][2]. - The year-on-year increases for categories A, B, and C of the CPI in November 2025 were 1.5%, 1.1%, and 1.1%, respectively, compared to 1.4%, 1.1%, and 1.0% in October 2025 [1][2]. Group 2: Detailed Category Analysis - The categories that recorded year-on-year price increases in November 2025 included transportation (up 3.5%), tobacco and alcohol (up 2.1%), miscellaneous services (up 1.9%), housing (up 1.6%), dining out and takeaways (up 1.3%), miscellaneous items (up 1.3%), and basic food items (up 0.7%) [2]. - Conversely, categories that experienced year-on-year price declines included clothing (down 4.1%), durable goods (down 3.3%), and electricity, gas, and water (down 0.5%) [2]. Group 3: Year-to-Date and Future Outlook - For the first eleven months of 2025, the overall CPI increased by 1.4%, with category A, B, and C indices rising by 1.9%, 1.3%, and 1.1%, respectively [3]. - The government spokesperson indicated that inflation remains low, with the basic CPI year-on-year increase holding steady at 1.0%, and overall inflation is expected to remain mild in the short term due to controlled cost pressures [3].

Core Viewpoint - The Consumer Price Index (CPI) in Hong Kong for October 2025 shows a year-on-year increase of 1.2%, slightly higher than the 1.1% increase in September 2025, indicating controlled inflation levels in the region [1][3]. Summary by Categories Overall CPI Trends - The overall CPI for the first ten months of 2025 increased by 1.5% compared to the same period last year [3]. - The average monthly increase in the CPI for the three months ending October 2025 was 0.1%, down from 0.2% in the previous three months [1][2]. Breakdown by Categories - The year-on-year increases for the categories in October 2025 were as follows: Class A (1.4%), Class B (1.1%), and Class C (1.0%), compared to September 2025 increases of 1.5%, 0.9%, and 0.8% respectively [1][2]. - The CPI categories that recorded year-on-year price increases in October 2025 included Transportation (up 3.1%), Tobacco and Alcohol (up 2.0%), Miscellaneous Services (up 2.0%), Housing (up 1.6%), Miscellaneous Goods (up 1.3%), Dining Out and Takeaway (up 1.3%), and Basic Food (up 0.1%) [2]. Excluding Government Measures - When excluding the impact of one-off government relief measures, the basic inflation rate for October 2025 was 1.0%, consistent with the previous month [1][3]. - The corresponding increases for Class A, B, and C CPI, excluding government measures, were 0.9%, 1.0%, and 1.0% respectively in October 2025 [1]. Future Outlook - A government spokesperson indicated that inflation in Hong Kong remains low, with expectations of mild inflation in the short term due to moderate local cost pressures and limited external price pressures [3].

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 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]

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 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]

Group 1 - The core inflation rate in Japan remains slightly below 2% [1] - The gap between core inflation and overall inflation is expected to narrow, but this process will take some time [1] - Continuous growth in real wages is crucial for the economy [1]