Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released today (June 23) the Consumer Price Index (CPI) figures for May 2026. According to the Composite CPI, overall consumer prices rose by 2.0% in May 2026 over the same month a year earlier, larger than the corresponding increase (1.7%) in April 2026. Netting out the effects of all Government’s one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in May 2026 was 1.9%, also larger than that in April 2026 (1.6%). The larger increase in May 2026 was mainly due to the accelerated increases in inbound and outbound transport fares and the charges for package holidays, as well as the increases in the charges for health services.
On a seasonally adjusted basis, the average monthly rate of change in the Composite CPI for the 3-month period ending May 2026 was 0.1%, and that for the 3-month period ending April 2026 was 0.0%. Netting out the effects of all Government’s one-off relief measures, the corresponding rates of change were 0.3% and 0.1%.