Hong Kong Inflation Rate

The annual inflation rate in Hong Kong eased to 1.0% in July 2025 from 1.4% in the previous month, marking the slowest pace since June 2021. The moderation was driven by softer price gains in housing (1.8% vs 2.8% in June), transport (1.4% vs 1.9%), miscellaneous goods (0.3% vs 1.3%), and electricity, gas, and water (0.7% vs 1.6%). In contrast, prices rose faster in food (0.8% vs 0.7%) and alcoholic drinks and tobacco (1.7% vs 1.4%), while declines eased in durable goods (-2.3% vs -2.5%) and clothing and footwear (-3.3% vs -4.1%). On a month-over-month basis, consumer prices increased by 0.6% in July, the fastest pace in a year, following a flat reading in June. source: Census and Statistics Department, Hong Kong