Hong Kong Business News

Overall consumer prices rose 2% year on year in June, the same as in May, the Census & Statistics Department announced today.

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 1.9% in June, also the same as the figure in the previous month.

Compared to June 2025, year-on-year increases in prices were recorded in the following categories: electricity; gas and water; transport; miscellaneous services; miscellaneous goods; housing; meals out and takeaway food; clothing and footwear; and alcoholic drinks and tobacco.

Meanwhile, a year-on-year decrease was recorded for durable goods and basic food.

The Government said that increases in prices of fuel-related items continued to accelerate, while relatively modest price pressures in other components partly offset the overall rise.

Looking ahead, it noted that consumer price inflation is expected to rise in the coming months as the effect of earlier surges in international oil prices continues to ripple through the economy. While the recent moderation in international oil prices from previous peaks may provide some relief, the renewed escalation of tensions in the Middle East warrants close monitoring.

Concurrently, price pressures in other areas remain largely contained, helping to keep overall inflation at a moderate level.