In October, Hong Kong's Consumer Price Index (CPI) increased by 1.2% year-on-year.

On November 20, the Hong Kong government's Census and Statistics Department released the consumer price index for October 2025. According to the composite consumer price index, the overall consumer price in Hong Kong in October 2025 increased by 1.2% compared to the same month a year ago, slightly higher than the corresponding increase in September 2025 (1.1%). Excluding the impact of all one-off relief measures by the government, the year-on-year increase in the composite consumer price index in October 2025 (i.e. basic inflation rate) was 1.0%, the same as in September 2025. The seasonally adjusted composite consumer price index showed an average monthly increase of 0.1% for the three months ending in October 2025, compared to a corresponding increase of 0.2% for the three months ending in September 2025. Excluding the impact of all one-off relief measures by the government, the corresponding increases were both 0.1%. In terms of the sub-indices, the Class A, Class B, and Class C consumer price indices in October 2025 increased by 1.4%, 1.1%, and 1.0% respectively compared to the same period a year ago, while the corresponding increases in September 2025 were 1.5%, 0.9%, and 0.8%. Excluding the impact of all one-off relief measures by the government, the year-on-year increases in the Class A, Class B, and Class C consumer price indices in October 2025 were 0.9%, 1.0%, and 1.0% respectively, compared to increases of 1.4%, 0.9%, and 0.8% in September 2025. The seasonally adjusted Class A, Class B, and Class C consumer price indices showed an average monthly increase of 0.1%, 0.1%, and 0.2% respectively for the three months ending in October 2025, compared to corresponding increases of 0.3%, 0.2%, and 0.2% for the three months ending in September 2025. Excluding the impact of all one-off relief measures by the government, the average monthly increases in the seasonally adjusted Class A, Class B, and Class C consumer price indices for the three months ending in October 2025 were 0.1%, 0.1%, and 0.2% respectively, while the corresponding increases for the three months ending in September 2025 were all 0.1%. In terms of the various components of the composite consumer price index, categories that recorded year-on-year increases in prices in October 2025 were transportation (up 3.1%), tobacco and alcohol (up 2.0%), miscellaneous services (up 2.0%), housing (up 1.6%), miscellaneous items (up 1.3%), eating out and takeaways (up 1.3%), and basic food (up 0.1%). On the other hand, categories that recorded year-on-year decrease in prices in October 2025 were clothing and footwear (down 4.7%), durable goods (down 3.3%), and electricity, gas, and water (down 0.3%). For the first ten months of 2025, the composite consumer price index increased by 1.5% compared to the same period a year ago, with corresponding increases of 2.0%, 1.3%, and 1.1% for the 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%, 1.4%, 1.0%, and 0.9%. For the three months ending in October 2025, the composite consumer price index increased by 1.1% compared to the same period a year ago, with the Class A, Class B, and Class C consumer price indices increasing by 1.5%, 1.0%, and 0.9% respectively. Excluding the impact of all one-off relief measures by the government, the corresponding increases were 1.0%, 1.2%, 0.9%, and 0.9%. For the twelve months ending in October 2025, the composite consumer price index increased by an average of 1.4% compared to the same period a year ago, with corresponding increases of 1.9%, 1.3%, and 1.1% for the 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%, 1.4%, 1.0%, and 0.9%. A government spokesperson in Hong Kong stated that consumer price inflation remained low in October. The basic composite consumer price index increased by 1.0% year-on-year, the same as the previous month. Price pressures on major components continued to be under control. Looking ahead, with moderate local cost pressures and little external price pressure, overall inflation in Hong Kong should remain mild in the short term.