Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released today (January 22) the Consumer Price Index (CPI) figures for December 2025. According to the Composite CPI, overall consumer prices rose by 1.4% in December 2025 over the same month a year earlier, larger than the corresponding increase (1.2%) in November 2025. 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 December 2025 was 1.2%, also larger than that in November 2025 (1.0%). The larger increase was mainly due to the increases in the charges for package tours as well as inbound and outbound transport fares.
On a seasonally adjusted basis, the average monthly rate of increase in the Composite CPI for the 3-month period ending December 2025 was 0.2%, and that for the 3-month period ending November 2025 was 0.1%. Netting out the effects of all Government’s one-off relief measures, the corresponding rates of increase were 0.2% and 0.1%.