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]

Core Viewpoint - In April 2025, Hong Kong's overall consumer price index (CPI) increased by 2.0% year-on-year, reflecting a rise from 1.4% in March 2025, primarily due to lower government tax relief measures compared to the previous year [1][4] Group 1: Consumer Price Index Overview - The basic inflation rate, excluding one-off government relief measures, was 1.3% in April 2025, up from 1.0% in March 2025 [1][4] - The seasonally adjusted average monthly change in the CPI for the three months ending April 2025 was -0.1%, compared to 0.0% for the three months ending March 2025 [1][2] Group 2: Sub-Index Analysis - The year-on-year increases in the consumer price indices for categories A, B, and C in April 2025 were 2.6%, 1.8%, and 1.6%, respectively, compared to 2.0%, 1.2%, and 1.0% in March 2025 [2] - Excluding government relief measures, the year-on-year increases for categories A, B, and C in April 2025 were 1.4%, 1.1%, and 1.2%, respectively [2] Group 3: Price Changes by Category - In April 2025, significant year-on-year price increases were observed in electricity, gas, and water (up 13.2%), transportation (up 3.8%), housing (up 2.8%), and miscellaneous services (up 2.1%) [3] - Conversely, categories such as clothing (down 4.1%), durable goods (down 1.6%), and basic food items (down 1.3%) experienced price declines [3] Group 4: Year-to-Date and Recent Trends - For the first four months of 2025, the overall CPI rose by 1.7% year-on-year, with category A, B, and C indices increasing by 2.3%, 1.5%, and 1.3%, respectively [3] - The average CPI increase for the twelve months ending April 2025 was 1.7%, with category A, B, and C indices rising by 2.2%, 1.6%, and 1.4%, respectively [4]