Hong Kong Inflation Rate — 2026 CPI Data, Trend & Outlook
Hong Kong's inflation rate was 1.44% in December 2025, down from 1.73% the previous year. A year earlier it stood at 1.73%.
Hong Kong's inflation rate stands at 1.44% as of December 2025. Over the latest readings, the inflation rate has moved within a band of -4.01% to 11.16%. The most recent figure of 1.44% is down from 1.73% a year earlier, and is 0.29% lower than a year ago.
The trend
Among the 193 economies tracked on this platform, Hong Kong ranks #146 on inflation rate by latest value. It fell from 1.73% in the previous year, and compares with a year-earlier 1.73%.
What's driving it
Inflation is shaped by energy and food prices, the exchange rate, wage growth and the stance of monetary policy; central banks lift interest rates to cool it and ease when it falls back toward target.
Recent readings
| Period | Inflation rate |
|---|---|
| Dec 2025 | 1.44% |
| Dec 2024 | 1.73% |
| Dec 2023 | 2.10% |
| Dec 2022 | 1.88% |
| Dec 2021 | 1.57% |
| Dec 2020 | 0.25% |
| Dec 2019 | 2.88% |
| Dec 2018 | 2.41% |
Data: The World Bank — World Development Indicators (CC BY 4.0) Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Inflation Rate in Hong Kong Right Now (2026)?
Hong Kong's inflation rate was 1.44% in December 2025, down from 1.73% the previous year. A year earlier it stood at 1.73%.
Is the inflation rate rising or falling in Hong Kong?
It fell in the latest reading — 1.44% in December 2025 versus 1.73% a year earlier. Year on year it is lower.
What is inflation rate?
It measures how fast consumer prices are rising, measured by the consumer price index (CPI).