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Consumer Prices Rise 1.4% in December 2025, Underlying Inflation at 1.2%

HK

Consumer Prices Rise 1.4% in December 2025, Underlying Inflation at 1.2%
HK

HK

Consumer Prices Rise 1.4% in December 2025, Underlying Inflation at 1.2%

2026-01-22 16:30 Last Updated At:22:52

Consumer Price Indices for December 2025

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.

The Census and Statistics Department (C&SD), Photo source: reference image

The Census and Statistics Department (C&SD), Photo source: reference image

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%.

Analysed by sub-index, the year-on-year rates of increase in the CPI(A), CPI(B) and CPI(C) were 1.5%, 1.3% and 1.4% respectively in December 2025, as compared to 1.5%, 1.1% and 1.1% respectively in November 2025. Netting out the effects of all Government's one-off relief measures, the year-on-year rates of increase in the CPI(A), CPI(B) and CPI(C) were 1.0%, 1.2% and 1.4% respectively in December 2025, as compared to 0.9%, 1.0% and 1.1% respectively in November 2025.

On a seasonally adjusted basis, for the 3-month period ending December 2025, the average monthly rates of change in the CPI(A), CPI(B) and CPI(C) were 0.1%, 0.2% and 0.3% respectively. The corresponding rates of change for the 3-month period ending November 2025 were 0.0%, 0.1% and 0.1% respectively. Netting out the effects of all Government's one-off relief measures, the average monthly rates of change in the seasonally adjusted CPI(A), CPI(B) and CPI(C) for the 3-month period ending December 2025 were 0.1%, 0.2% and 0.3% respectively, and the corresponding rates of change for the 3-month period ending November 2025 were 0.0%, 0.1% and 0.1% respectively.

Amongst the various components of the Composite CPI, year-on-year increases in prices were recorded in December 2025 for transport (4.3%), miscellaneous services (2.3%), alcoholic drinks and tobacco (2.0%), housing (1.6%), miscellaneous goods (1.2%), meals out and takeaway food (1.1%), and basic food (0.7%).

On the other hand, year-on-year decreases in the components of the Composite CPI were recorded in December 2025 for durable goods (-2.6%), clothing and footwear (-1.7%), and electricity, gas and water (-1.6%).

In the fourth quarter of 2025, the Composite CPI rose by 1.3% over a year earlier, while the CPI(A), CPI(B) and CPI(C) rose by 1.4%, 1.2% and 1.2% respectively. The corresponding increases after netting out the effects of all Government's one-off relief measures were 1.1%, 1.0%, 1.1% and 1.2% respectively.

For 2025 as a whole, the Composite CPI was 1.4% higher than that in the preceding year. The respective increases in the CPI(A), CPI(B) and CPI(C) were 1.9%, 1.3% and 1.1% respectively. The corresponding increases after netting out the effects of all Government's one-off relief measures were 1.1%, 1.3%, 1.0% and 1.0% respectively.

A Government spokesman said that consumer price inflation stayed modest in December 2025. The underlying Composite CPI increased by 1.2% in the month over a year earlier, giving an annual increase of 1.1% for 2025 as a whole, same as the preceding year. Price pressures on various major components remained generally contained.

Looking ahead, overall inflation should stay modest in the near term, as domestic cost and external price pressures are still mild.

Further information

The CPIs and year-on-year rates of change at section level for December 2025 are shown in Table 1. The time series on the year-on-year rates of change in the CPIs before and after netting out the effects of all Government's one-off relief measures are shown in Table 2. For discerning the latest trend in consumer prices, it is also useful to look at the changes in the seasonally adjusted CPIs. The time series on the average monthly rates of change during the latest 3 months for the seasonally adjusted CPIs are shown in Table 3. The rates of change in the original and the seasonally adjusted Composite CPI and the underlying inflation rate are presented graphically in Chart 1.

More detailed statistics are given in the "Monthly Report on the Consumer Price Index". Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1060001&scode=270).

For enquiries about the CPIs, please contact the Consumer Price Index Section of the C&SD (Tel: 3903 7374 or email: cpi@censtatd.gov.hk).

15th China Chest Pain Centers Congress convenes in Hong Kong: Chest pain treatment standards go global, joining hands to elevate care quality

The following is issued on behalf of the Hospital Authority:

The Hospital Authority (HA) announced today (April 3) that the 15th China Chest Pain Centers Congress (CCPCC 2026) is being held at the Hong Kong Convention and Exhibition Centre over two days (April 3 and 4), bringing together about 3 000 medical professionals from Hong Kong, Chinese Mainland, the Belt and Road countries and regions and around the world. This marks the first time the Congress is being held in Hong Kong, with the city serving as an important bridge in bringing national chest pain treatment standards onto the international stage, representing a significant milestone for the Congress.

This year's Congress features 16 professional forums and over 200 specialised lectures, covering cutting-edge healthcare innovations, AI-assisted clinical decision-making, intelligent emergency response systems, and international accreditation standards. The event aims to establish a platform for academic exchange, innovation, and collaboration in chest pain centre development and cardiovascular medicine, facilitating the sharing of new medical knowledge and experience, and collectively exploring the latest directions in contemporary cardiovascular healthcare services.

The Congress is jointly organised by the HA, the National Clinical Research Center for Interventional Medicine, the Guangdong Chest Pain Centers Association, and the Chinese Cardiovascular Association. The opening ceremony was held this morning, officiated by the Secretary for Health, Professor Lo Chung-mau; Second-Level Inspector of the Health Commission of Guangdong Province, Mr Wu Jingzen; Chairperson of the Organising Committee (Chinese Mainland), Academician Professor Ge Junbo; Chairperson of the Organising Committee (Chinese Mainland), Professor Yong Huo; Legislative Council Member for the Medical and Health Services functional constituency, Dr Hon David Lam; the Dean of the Faculty of Medicine, the Chinese University of Hong Kong, Professor Philip Chiu, the HA Chairman, Mr Henry Fan; and the HA Chief Executive and the Chairperson of the Organising Committee (Hong Kong), Dr Libby Lee.

Mr Fan stated that CCPCC 2026 being held in Hong Kong for the first time fully demonstrates Hong Kong's unique position as an international hub for medical exchange.

Mr Fan said "Countries and regions around the world are currently facing the severe challenge of a growing number of acute cardiac cases. Strengthening medical exchange and collaboration, and driving medical innovation, are therefore of paramount importance. I believe this Congress will bring fruitful academic achievements to all attendees and inject new momentum into the global development of cardiovascular medicine, ultimately benefiting more patients."

Dr Lee, in her opening address, stated that the HA has always been committed to enhancing the quality of acute cardiac services in public hospitals and actively collaborates closely with Chinese Mainland counterparts to promote the integration of high-quality medical services.

Dr Lee said "Hong Kong's healthcare system is renowned for its efficiency, professionalism, and excellence. The Chest Pain Centre at Queen Mary Hospital has achieved accreditation under the National Chest Pain Centre Construction Standards, and the Chest Pain Centre at Prince of Wales Hospital will also undergo accreditation in due course. Establishing chest pain centres have yielded significant results in improving chest pain treatment processes and enhancing service efficiency, benefiting patients and fully demonstrating Hong Kong's deep commitment to standardised care, multidisciplinary coordination, and timely intervention. Hong Kong's experience can also serve as an important reference for global chest pain centre development. I look forward to collaborating with the Chinese Mainland and international medical communities through this Congress to jointly promote innovation and sustainable development in cardiovascular medicine."

During the CCPCC 2026, the "Chest Pain Center Construction and Accreditation Standards (International Version)" has been officially issued. This standard provides a framework for healthcare institutions worldwide to establish high-quality chest pain centres, which aims to standardise treatment protocols, improve clinical outcomes, enhance clinical prognosis, promote the standardised development of chest pain centres internationally, and ultimately raise the overall level of global chest pain treatment.

The 15th China Chest Pain Centers Congress is being held in Hong Kong on April 3 and 4, bringing together about 3 000 medical professionals from Hong Kong, Chinese Mainland, the Belt and Road countries and regions and around the world. Source: HKSAR Government Press Releases

The 15th China Chest Pain Centers Congress is being held in Hong Kong on April 3 and 4, bringing together about 3 000 medical professionals from Hong Kong, Chinese Mainland, the Belt and Road countries and regions and around the world. Source: HKSAR Government Press Releases

The 15th China Chest Pain Centers Congress is being held in Hong Kong on April 3 and 4. The opening ceremony was held this morning (April 3), officiated by the Secretary for Health, Professor Lo Chung-mau (fourth left); Second-Level Inspector of the Health Commission of Guangdong Province, Mr Wu Jingzen (third left); Chairperson of the Organising Committee (Chinese Mainland), Academician Professor Ge Junbo (second left); Chairperson of the Organising Committee (Chinese Mainland), Professor Yong Huo (first left); Legislative Council Member for the Medical and Health Services functional constituency, Dr Hon David Lam (fourth right); the Dean of the Faculty of Medicine of the Chinese University of Hong Kong, Professor Philip Chiu (first right); the HA Chairman, Mr Henry Fan (third right) and the HA Chief Executive and the Chairperson of the Organising Committee (Hong Kong), Dr Libby Lee (second right). Source: HKSAR Government Press Releases

The 15th China Chest Pain Centers Congress is being held in Hong Kong on April 3 and 4. The opening ceremony was held this morning (April 3), officiated by the Secretary for Health, Professor Lo Chung-mau (fourth left); Second-Level Inspector of the Health Commission of Guangdong Province, Mr Wu Jingzen (third left); Chairperson of the Organising Committee (Chinese Mainland), Academician Professor Ge Junbo (second left); Chairperson of the Organising Committee (Chinese Mainland), Professor Yong Huo (first left); Legislative Council Member for the Medical and Health Services functional constituency, Dr Hon David Lam (fourth right); the Dean of the Faculty of Medicine of the Chinese University of Hong Kong, Professor Philip Chiu (first right); the HA Chairman, Mr Henry Fan (third right) and the HA Chief Executive and the Chairperson of the Organising Committee (Hong Kong), Dr Libby Lee (second right). Source: HKSAR Government Press Releases

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