Hong Kong's Composite Consumer Price Index rose 1.7% in August 2026 compared with the same month a year earlier, unchanged from July 2026, the Census and Statistics Department said in a report published on September 23, 2026. Netting out all Government one-off relief measures, the underlying inflation rate was 1.9%, also the same as July. On a seasonally adjusted basis, the average monthly increase in the Composite CPI over the three months ending August 2026 was 0.2%, matching the period ending July.

By sub-index, year-on-year increases in August were 1.2% for CPI(A), 1.8% for CPI(B) and 1.9% for CPI(C), compared with 1.2%, 1.8% and 2.0% in July. Among Composite CPI components, electricity, gas and water rose 11.5%, miscellaneous services 4.7%, transport 3.9% and housing 0.1%. Basic food fell 0.2%, while alcoholic drinks and tobacco, and clothing and footwear, were unchanged.

A Government spokesman said fuel-related items continued to show high inflation while other price pressures were broadly in check. He said overall inflation should stay moderate, though elevated international oil prices and renewed Middle East tensions remain uncertainties.