The Zhitong Finance App learned that the Statistics Department (Statistics Department) of the Hong Kong Government today (July 21) announced the consumer price index for June 2026. According to the Composite Consumer Price Index, overall consumer prices in June 2026 increased 2.0% compared to the same month a year ago, which is the same as the corresponding increase in May 2026. Excluding the impact of all government one-time relief measures, the year-on-year increase in the composite consumer price index (i.e. the basic inflation rate) in June 2026 was 1.9%, which is also the same as the corresponding increase in May 2026.
The seasonally adjusted composite consumer price index has an average monthly increase of 0.1% for the three months ending June 2026, which is the same as the corresponding increase for the three months ending May 2026. Excluding the impact of all one-time government relief measures, the corresponding increases were 0.2% and 0.3%.
Based on the segmented index analysis, the year-on-year increases of 1.8%, 2.1% and 2.2% in June 2026 were respectively 1.8%, 2.1% and 2.2%, all the same as the corresponding increases in May 2026. Excluding the impact of all one-time government relief measures, the year-on-year increases of 1.5%, 2.0% and 2.1% in June 2026 were respectively 1.5%, 2.0% and 2.1%, respectively, which were the same as the corresponding increases in May 2026.
The seasonally adjusted consumer price indices for categories A, B and C had average monthly changes of 0.0%, 0.1% and 0.1% for the three months ending June 2026, while the corresponding rates of change for the three months ended May 2026 were 0.0%, 0.2% and 0.2%, respectively. Excluding the impact of all one-time government relief measures, the average monthly change rate of the seasonally adjusted consumer price indices for the three months ended June 2026 was 0.2%, while the corresponding change rates for the three months ended May 2026 were 0.3%, 0.3% and 0.2%, respectively.
Among the various composite consumer price index components, the categories that recorded year-on-year price increases in June 2026 were electricity, gas and water (up 9.2%), transportation (up 5.3%), miscellaneous services (up 5.2%), miscellaneous goods (up 2.3%), housing (up 1.1%), dining out and takeout (up 0.8%), clothing (up 0.7%), and alcohol and tobacco (up 0.1%).
On the other hand, the categories where the composite consumer price index recorded a year-on-year decline in June 2026 were durable goods (down 1.1%) and basic foodstuffs (down 0.5%).
Taken together for the first half of 2026, the composite consumer price index increased by 1.7% compared to the same period a year ago. The corresponding increases of 1.6%, 1.8% and 1.8% for category A, category B and C consumer price indices were respectively. Excluding the impact of all one-time government relief measures, the corresponding increases were 1.6%, 1.3%, 1.7% and 1.7%, respectively.
In the second quarter of 2026, the composite consumer price index increased by 1.9% compared to the same period a year ago, while the consumer price indices for categories A, B and C increased by 1.7%, 2.0% and 2.0% respectively. Excluding the impact of all one-time government relief measures, the corresponding increases were 1.7%, 1.5%, 1.9% and 2.0%, respectively.
For the 12 months ended June 2026, the composite consumer price index increased by an average of 1.5% compared to the same period a year ago. The corresponding increases of 1.5%, 1.4% and 1.4% for category A, category B and C consumer price indices were respectively. Excluding the impact of all one-time government relief measures, the corresponding increases were 1.3%, 1.2%, 1.3% and 1.4%, respectively.
A Hong Kong government spokesman said that the basic composite consumer price index rose 1.9% year on year in June, the same as last month. The price increase for fuel-related projects continued to accelerate, but the price pressure on other major components was relatively moderate, offsetting part of the increase. Looking ahead, consumer price inflation is expected to rise in the coming months as the transmission effects of the earlier sharp rise in international oil prices continue. The recent fall in international oil prices from high levels may bring some relief. However, the tension in the Middle East has recently heated up again, and its development still needs to be closely watched. Meanwhile, price pressure in other areas remains largely under control, which should help keep overall inflation moderate.