The annual inflation rate in Hong Kong rose to 1.7% in March 2026, unchanged from the previous month and still the highest reading since late May. The acceleration mainly reflected faster increases in fuel-related components during the month, driven by a surge in international oil prices amid the Middle East conflict, while price pressures in other categories remained largely contained. By category, inflation was led by miscellaneous services (4.6% vs 4.9%), electricity, gas and water (3.9% vs 3.5%), transport (3.9% vs 4.3%), and miscellaneous goods (2.8% vs 1.8%). Prices also rose for alcoholic drinks and beverages (2.1% vs 1.8%) and housing (1% vs 1.1%), while declines continued in durable goods (-2.2% vs -2.6%) and clothing and footwear (-0.7% vs -3.4%). On a monthly basis, consumer prices stalled in March, after a 0.5% increase in the preceding period. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, the same pace in February. source: Census and Statistics Department, Hong Kong

Inflation Rate in Hong Kong remained unchanged at 1.70 percent in March. Inflation Rate in Hong Kong averaged 3.91 percent from 1981 until 2026, reaching an all time high of 16.00 percent in October of 1981 and a record low of -6.10 percent in August of 1999. This page provides the latest reported value for - Hong Kong Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Inflation Rate in Hong Kong remained unchanged at 1.70 percent in March. Inflation Rate in Hong Kong is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Inflation Rate is projected to trend around 1.90 percent in 2027 and 1.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-20 08:30 AM
Inflation Rate YoY
Feb 1.7% 1.1% 1.6% 1.4%
2026-04-23 08:30 AM
Inflation Rate YoY
Mar 1.7% 1.7% 1.8%
2026-05-21 08:30 AM
Inflation Rate YoY
Apr 1.7%


Related Last Previous Unit Reference
Consumer Price Index CPI 110.50 110.50 points Mar 2026
CPI Transportation 114.60 115.40 points Mar 2026
Export Prices 105.90 104.00 points Feb 2026
Food Inflation 0.90 0.90 percent Mar 2026
GDP Deflator 105.70 107.30 points Dec 2025
Import Prices 105.70 104.40 points Feb 2026
Inflation Rate YoY 1.70 1.70 percent Mar 2026
Inflation Rate MoM 0.00 0.50 percent Mar 2026
Producer Prices 129.70 127.60 points Dec 2025
Producer Prices Change 9.50 7.70 percent Dec 2025


Hong Kong Inflation Rate
In Hong Kong, the composite consumer price index is based on a monthly survey conducted throughout the territory. The indicator consists of 980 consumer goods and services classified into 9 major groups. Housing accounts for 40.3 percent of total weight, Food for 27.4 percent and Miscellaneous Services such as education, communications, information and medical care for 13.1 percent. Transport constitutes 6.2 percent of total index; Durable Goods for 4 percent; Miscellaneous Goods for 3.3 percent and Clothing and Footwear for 2.4 percent. Electricity, Gas and Water account for 2.8 percent and Alcoholic Drinks and Tobacco for the remaining 0.5 percent.
Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.70 16.00 -6.10 1981 - 2026 percent Monthly
2019/2020=100

News Stream
Hong Kong Inflation Steady at 1.7% in March
The annual inflation rate in Hong Kong rose to 1.7% in March 2026, unchanged from the previous month and still the highest reading since late May. The acceleration mainly reflected faster increases in fuel-related components during the month, driven by a surge in international oil prices amid the Middle East conflict, while price pressures in other categories remained largely contained. By category, inflation was led by miscellaneous services (4.6% vs 4.9%), electricity, gas and water (3.9% vs 3.5%), transport (3.9% vs 4.3%), and miscellaneous goods (2.8% vs 1.8%). Prices also rose for alcoholic drinks and beverages (2.1% vs 1.8%) and housing (1% vs 1.1%), while declines continued in durable goods (-2.2% vs -2.6%) and clothing and footwear (-0.7% vs -3.4%). On a monthly basis, consumer prices stalled in March, after a 0.5% increase in the preceding period. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, the same pace in February.
2026-04-23
Hong Kong Inflation Rate Hits 9-Month High
The annual inflation rate in Hong Kong rose to 1.7% in February 2026 from 1.1% in January, marking the highest reading since late May. Prices rose faster for miscellaneous services (4.9% vs 2.9%), transport (4.3% vs 1.3%) and electricity, gas and water (3.5% vs 3%). On the other hand, inflation slowed for miscellaneous goods (1.8% vs 2.3%) and alcoholic drinks and tobacco (1.8% vs 2.7%) and steadied for housing (1.1% vs 1.1%). Prices continued to fall for clothing and footwear (-3.4% vs -2.3%) and durable goods (-2.6% vs -2.8%). The larger increase was mainly due to charges for package tours and inbound and outbound transport fares during the Chinese New Year, coupled with the fact that the Chinese New Year fell in January last year, resulting in a relatively lower base of comparison in February 2025. On a monthly basis, the CPI grew by 0.5%, up from 0.2% in January. Excluding the government’s one-off relief measures, underlying inflation rose by 1.6%, following a 1% gain in January.
2026-03-20
Hong Kong Inflation Eases in January
Hong Kong’s annual inflation rate eased to 1.1% in January 2026, down from 1.4% in December. Price growth slowed for housing (1.1% vs 1.6% in December), food (0.5% vs 1%), and transport (1.3% vs 4.3%). At the same time, deflation deepened for durable goods (-2.8% vs -2.6%) and clothing and footwear (-2.3% vs -1.7%). In contrast, prices rebounded for electricity, gas and water (3% vs -1.6%), while inflation increased for miscellaneous services (2.9% vs 2.3%), miscellaneous goods (2.3% vs 1.2%), and alcoholic drinks and tobacco (2.7% vs 2%). On a monthly basis, consumer prices edged up 0.2% in January, down from 0.3% in the previous month. Excluding the government’s one-off relief measures, underlying inflation rose 1%, slowing from 1.2% in December.
2026-02-25