Customer Price Indices for September 2025
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The Census and Statistics Department (C&SD) launched today (October 23) the Consumer Price Index (CPI) figures for September 2025. According to the Composite CPI, total customer rates increased by 1.1% in September 2025 over the exact same month a year previously, the like that in August 2025. Netting out the impacts of all Government’s one-off relief procedures, the year-on-year rate of boost in the Composite CPI (i.e. the underlying inflation rate) in September 2025 was 1.0%, a little smaller sized than that in August 2025 (1.1%).
On a seasonally changed basis, the typical month-to-month rate of boost in the Composite CPI for the 3-month duration ending September 2025 was 0.3%, the like that for the 3-month duration ending August 2025. Netting out the results of all Government’s one-off relief procedures, the matching rates of boost were 0.1% and 0.2%.
Evaluated by sub-index, the year-on-year rates of boost in the CPI(A), CPI(B) and CPI(C) were 1.5%, 0.9% and 0.8% respectively in September 2025, as compared to 1.5%, 1.0% and 0.9% respectively in August 2025. Netting out the impacts of all Government’s one-off relief steps, the year-on-year rates of boost in the CPI(A), CPI(B) and CPI(C) were 1.4%, 0.9% and 0.8% respectively in September 2025, as compared to 1.4%, 1.0% and 0.9% respectively in August 2025.
On a seasonally changed basis, for the 3-month duration ending September 2025, the typical month-to-month rates of boost in the CPI(A), CPI(B) and CPI(C) were 0.3%, 0.2% and 0.2% respectively. The matching rates of boost for the 3-month duration ending August 2025 were 0.4%, 0.3% and 0.3% respectively. Netting out the results of all Government’s one-off relief procedures, the typical month-to-month rates of boost in the seasonally changed CPI(A), CPI(B) and CPI(C) for the 3-month duration ending September 2025 were all 0.1%, and the matching rates of boost for the 3-month duration ending August 2025 were all 0.2%.
Among the different elements of the Composite CPI, year-on-year boosts in costs were tape-recorded in September 2025 for transportation (2.2%), alcohols and tobacco (2.0%), real estate (1.7%), various services (1.6%), meals out and takeaway food (1.2%), various items (0.4%), and electrical energy, gas and water (0.4%).
On the other hand, year-on-year reductions in the parts of the Composite CPI were taped in September 2025 for clothes and shoes (-3.7%), and long lasting products (-3.1%).
When it comes to standard food, the Composite CPI in September 2025 stayed the same over a year previously.
Taking the very first 9 months of 2025 together, the Composite CPI increased by 1.5% over a year previously. The particular boosts in the CPI(A), CPI(B) and CPI(C) were 2.0%, 1.3% and 1.1% respectively. The matching boosts after netting out the impacts of all Government’s one-off relief procedures were 1.1%, 1.5%, 1.0% and 0.9% respectively.
In the 3rd quarter of 2025, the Composite CPI increased by 1.1% over a year previously, while the CPI(A), CPI(B) and CPI(C) increased by 1.5%, 1.0% and 0.7% respectively. The matching boosts after netting out the results of all Government’s one-off relief steps were 1.0%, 1.4%, 0.9% and 0.8% respectively.
For the 12 months ending September 2025, the Composite CPI was on typical 1.5% greater than that in the preceding 12-month duration. The particular boosts in the CPI(A), CPI(B) and CPI(C) were 1.9%, 1.3% and 1.1% respectively. The matching boosts after netting out the results of all Government’s one-off relief steps were 1.2%, 1.5%, 1.0% and 0.9% respectively.
Commentary
A Government spokesperson stated that customer cost inflation stayed modest in September. The underlying Composite CPI increased by 1.0% over a year previously, broadly comparable to the boosts in current months. Cost pressures throughout significant elements were mainly steady.
Looking ahead, general inflation ought to remain modest in the near term, as domestic expense pressures stay included and external rate pressures are controlled.
Additional details
The CPIs and year-on-year rates of modification at area level for September 2025 are displayed in Table 1. The time series on the year-on-year rates of modification in the CPIs before and after netting out the results of all Government’s one-off relief procedures are displayed in Table 2. For critical the current pattern in customer rates, it is likewise helpful to take a look at the modifications in the seasonally changed CPIs. The time series on the typical regular monthly rates of modification throughout the current 3 months for the seasonally changed CPIs are displayed in Table 3. The rates of modification in the initial and the seasonally changed Composite CPI and the underlying inflation rate exist graphically in Chart 1.
More in-depth stats are given up the “Monthly Report on the Consumer Price Index”Users can search and download this publication at the site of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1060001&scode=270).
For queries about the CPIs, please contact the Consumer Price Index Section of the C&SD (Tel: 3903 7374 or e-mail: cpi@censtatd.gov.hk).