Hong Kong’s consumer price inflation moderated at the start of 2026, with the Consumer Price Index (CPI) rising 0.20% month-over-month in January, down from a 0.30% increase in December 2025. The latest data, updated on 25 February 2026, point to a slight cooling in short-term price momentum.
On a month-over-month basis, the January reading compares the change in prices from January to December 2025, while the previous figure reflected the change from December to November 2025. The step down from 0.30% to 0.20% suggests that price pressures, while still positive, are easing marginally as the new year begins.
The softer inflation print may be closely watched by market participants and policymakers assessing how persistent cost pressures are in Hong Kong’s economy after the end of 2025, and whether the trend signals a more stable price environment in the months ahead.
