截至2025年8月止的3个月，综合消费物价指数较一年前同期上升1.2%，而甲类、乙类及丙类消费物价 指数分别上升1.6%、1.1%及0.8%。剔除所有政府一次性纾困措施的影响，相应升幅则分别为1.0%、 1.4%、0.9%及0.8%。 截至2025年八月止的十二个月，综合消费物价指数较一年前同期平均上升1.5%，甲类、乙类及丙类消 费物价指数的相应升幅分别为2.0%、1.4%及1.2%。剔除所有政府一次性纾困措施的影响，相应升幅则 分别为1.1%、1.4%、1.0%及0.9%。 智通财经APP获悉，9月22日，香港政府统计处公布2025年八月份的消费物价指数。根据综合消费物价 指数，2025年八月份香港整体消费物价与一年前同月比较，上升1.1%，较2025年七月份的相应升幅 (1.0%)略高。剔除所有政府一次性纾困措施的影响，综合消费物价指数在2025年八月份的同比升幅(即 基本通胀率)为1.1%，亦较2025年七月份(1.0%)略高。 经季节性调整的综合消费物价指数，截至2025年8月止的3个月的平均每月升幅为0.3%，而截至2025年 七月止的三个月的相应升幅为0.2%。剔除所有政府一次性纾困措施的影响， ...

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]