Hong Kong Census and Statistics Department: The overall consumer prices in Hong Kong in November rose by 1.2% year-on-year.

On December 22, the Hong Kong government's Census and Statistics Department released the Consumer Price Index for November 2025. According to the Composite Consumer Price Index, the overall consumer prices in Hong Kong rose by 1.2% compared to the same month a year ago, which was the same as the increase in October 2025. Excluding the impact of all one-off relief measures by the government, the year-on-year increase in the Composite Consumer Price Index in November 2025 (i.e. the basic inflation rate) was 1.0%, also the same as in October 2025. The seasonally adjusted Composite Consumer Price Index showed an average monthly increase of 0.1% for the three months ending in November 2025, which was the same as the corresponding increase for the three months ending in October 2025. Excluding the impact of all one-off relief measures by the government, the corresponding increase was also 0.1%. In terms of the Classified CPI, the year-on-year increases in Class A, Class B, and Class C Consumer Price Indices in November 2025 were 1.5%, 1.1%, and 1.1% respectively, compared to 1.4%, 1.1%, and 1.0% in October 2025. Excluding the impact of all one-off relief measures by the government, the year-on-year increases in Class A, Class B, and Class C Consumer Price Indices in November 2025 were 0.9%, 1.0%, and 1.1% respectively, compared to 0.9%, 1.0%, and 1.0% in October 2025. The seasonally adjusted rates of change for Class A, Class B, and Class C Consumer Price Indices for the three months ending in November 2025 were 0.0%, 0.1%, and 0.1% respectively, compared to 0.1%, 0.1%, and 0.2% for the three months ending in October 2025. Excluding the impact of all one-off relief measures by the government, the seasonally adjusted rates of change for Class A, Class B, and Class C Consumer Price Indices for the three months ending in November 2025 were 0.0%, 0.1%, and 0.1% respectively, compared to 0.1%, 0.1%, and 0.2% for the three months ending in October 2025. In terms of the components of the Composite Consumer Price Index, price categories in November 2025 that recorded year-on-year increases included transportation (up 3.5%), tobacco and liquor (up 2.1%), miscellaneous services (up 1.9%), housing (up 1.6%), eating out and takeaways (up 1.3%), miscellaneous goods (up 1.3%), and basic food (up 0.7%). On the other hand, price categories in November 2025 that recorded year-on-year decreases in the Composite Consumer Price Index included clothing and footwear (down 4.1%), durable goods (down 3.3%), and electricity, gas, and water (down 0.5%). For the first eleven months of 2025 combined, the Composite Consumer Price Index increased by 1.4% compared to the same period a year ago, 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 1.1%, 1.4%, 1.0%, and 0.9%. For the three months ending in November 2025, the Composite Consumer Price Index increased by 1.2% compared to the same period a year ago, with corresponding increases of 1.4%, 1.0%, and 1.0% 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 1.0%, 1.1%, 1.0%, and 1.0%. For the twelve months ending in November 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 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 1.0%. A government spokesperson in Hong Kong stated that inflation in consumer prices in November remained at a low level, with the basic Composite Consumer Price Index maintaining a year-on-year increase of 1.0%. Price pressures from major components were generally under control. Looking ahead, due to broadly controlled cost pressures from Hong Kong and the surrounding areas, overall inflation should remain mild in the short term.