Hong Kong's September CPI rose by 1.1% year-on-year.

The Census and Statistics Department of the Hong Kong Government released the Consumer Price Index (CPI) for September 2025 today (October 23). According to the Composite CPI, the overall consumer prices in September 2025 increased by 1.1% compared to the same period last year, the same as the corresponding increase in August 2025. Excluding the impact of all one-off relief measures by the government, the year-on-year increase in the Composite CPI in September 2025 (i.e. the basic inflation rate) was 1.0%, slightly lower than August 2025 (1.1%). The seasonally adjusted Composite CPI showed an average monthly increase of 0.3% for the three months ending in September 2025, the same as the corresponding increase for the three months ending in August 2025. Excluding the impact of all one-off relief measures by the Hong Kong government, the corresponding increases were 0.1% and 0.2%. Analyzing the sub-indices, Class A, Class B, and Class C consumer price indices recorded year-on-year increases of 1.5%, 0.9%, and 0.8% respectively in September 2025, compared to 1.5%, 1.0%, and 0.9% in August 2025. Excluding the impact of all one-off relief measures by the Hong Kong government, the year-on-year increases for Class A, Class B, and Class C consumer price indices in September 2025 were 1.4%, 0.9%, and 0.8% respectively, compared to 1.4%, 1.0%, and 0.9% in August 2025. The seasonally adjusted Class A, Class B, and Class C consumer price indices showed average monthly increases of 0.3%, 0.2%, and 0.2% respectively for the three months ending in September 2025, compared to 0.4%, 0.3%, and 0.3% for the three months ending in August 2025. Excluding the impact of all one-off relief measures by the government, the average monthly increases for the seasonally adjusted Class A, Class B, and Class C consumer price indices for the three months ending in September 2025 were 0.1%, while the corresponding increases for the three months ending in August 2025 were 0.2%. In terms of the various components of the Composite CPI, the categories that recorded year-on-year increases in prices in September 2025 were Transport (up 2.2%), Tobacco and Alcohol (up 2.0%), Housing (up 1.7%), Miscellaneous Services (up 1.6%), Dining Out and Takeaway (up 1.2%), Miscellaneous Goods (up 0.4%), and Electricity, Gas, and Water (up 0.4%). On the other hand, the categories that recorded year-on-year decreases in prices in September 2025 were Clothing and Footwear (down 3.7%) and Durable Goods (down 3.1%). As for basic food items, the Composite CPI in September 2025 remained unchanged compared to the previous year. For the first nine months of 2025 combined, the Composite CPI increased by 1.5% year-on-year, with corresponding increases of 2.0%, 1.3%, and 1.1% for Class A, Class B, and Class C consumer price indices. Excluding the impact of all one-off relief measures by the government, the corresponding increases were 1.1%, 1.5%, 1.0%, and 0.9%. In the third quarter of 2025, the Composite CPI increased by 1.1% year-on-year, with Class A, Class B, and Class C consumer price indices increasing by 1.5%, 1.0%, and 0.7% respectively. Excluding the impact of all one-off relief measures by the government, the corresponding increases were 1.0%, 1.4%, 0.9%, and 0.8%. For the twelve months ending in September 2025, the Composite CPI averaged a year-on-year increase of 1.5%, with corresponding increases of 1.9%, 1.3%, and 1.1% for Class A, Class B, and Class C consumer price indices. Excluding the impact of all one-off relief measures by the government, the corresponding increases were 1.2%, 1.5%, 1.0%, and 0.9%. A government spokesperson stated that inflation in consumer prices in September remained mild. The basic Composite CPI increased by 1.0% year-on-year, similar to recent months. Price pressures for major components remained stable. Looking ahead, due to controlled local cost increases in Hong Kong and limited external price pressures, overall inflation should remain mild in the short term.