Monthly inflation · Hong Kong
Hong Kong Inflation Rate MoM
The Hong Kong Inflation Rate MoM is the change in consumer prices in Hong Kong from the previous month (or quarter).
- Importance
- Low
- Released
- Monthly
- Next release
- Currency
- HKD · Hong Kong dollar
- Central bank
- The Hong Kong Monetary Authority
Latest figures
The latest release for SEP, published on 22 October 2026, came in at 0.3%, up from 0.1% the time before.
Over the last 12 releases it ranged from -0.1% to 0.5%, averaging 0.1%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 22 Oct 2026 | SEP | 0.3% | – | 0.1% |
| 23 Sep 2026 | AUG | 0.1% | – | 0.2% |
| 20 Aug 2026 | JUL | 0.2% | – | 0.0% |
| 21 Jul 2026 | JUN | 0.0% | – | 0.0% |
| 23 Jun 2026 | MAY | 0.0% | – | -0.1% |
| 21 May 2026 | APR | -0.1% | – | 0% |
| 23 Apr 2026 | MAR | 0% | – | 0.5% |
| 20 Mar 2026 | FEB | 0.5% | – | 0.2% |
| 25 Feb 2026 | JAN | 0.2% | – | 0.3% |
| 22 Jan 2026 | DEC | 0.3% | – | 0.0% |
| 22 Dec 2025 | NOV | 0.0% | – | 0.3% |
| 20 Nov 2025 | OCT | 0.3% | – | 0.1% |
Why it matters
The monthly change is the freshest reading of price pressure: the yearly rate is the sum of the last twelve monthly changes, so today's monthly figure tells you where the yearly rate is heading.
How it is calculated
the Census and Statistics Department prices a fixed basket of goods and services across the country and compares the index with the previous period. Seasonal patterns (sales, holidays) make raw monthly figures jumpy; some countries also publish seasonally adjusted numbers.
Monthly inflation = index(this month) ÷ index(last month) − 1
Annualised ≈ (1 + monthly)¹² − 1What changes mean
- Compare with the same month in earlier years: January and September often have seasonal jumps.
- 0.2% a month is about the 2% a year most central banks aim for.
Higher than expected: A higher figure than expected makes the Hong Kong Monetary Authority more likely to keep rates high or raise them: it tends to support the Hong Kong dollar and push bond yields up, and is often a weight on stocks.
Lower than expected: A lower figure than expected gives the Hong Kong Monetary Authority room to cut or hold rates lower: the Hong Kong dollar tends to soften and bond yields to fall.
A short history
Monthly price indexes date from the early 20th century; many countries began publishing them during or after the First World War to adjust wages to the cost of living.
The Hong Kong dollar is pegged to the US dollar, so the base rate follows the Fed.
Questions
What is the Hong Kong Inflation Rate MoM?
The Hong Kong Inflation Rate MoM is the change in consumer prices in Hong Kong from the previous month (or quarter).
What was the latest Hong Kong Inflation Rate MoM?
0.3% for SEP, published on 22 October 2026.
When is the next Hong Kong Inflation Rate MoM?
On Friday 20 November 2026 at 08:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.