Inflation at 2.1% in September

October 22, 2026

Overall consumer prices rose 1.9% year on year in September, up from the 1.7% increase recorded in August, the Census & Statistics Department announced today.

 

Netting out the effects of the Government’s one-off relief measures, the underlying inflation rate was 2.1% in September, also higher than that seen in the previous month.

 

Compared to September 2025, price increases were recorded for electricity, gas and water; miscellaneous services; transport; miscellaneous goods; durable goods; meals out and takeaway food; clothing and footwear; and housing.

 

Meanwhile, year-on-year decreases were recorded for alcoholic drinks and tobacco, and basic food.

 

The Government said that while faster price increases were seen in fuel-related items, price rises for other components were largely modest, keeping overall inflation at a moderate level.

 

Looking ahead, it said that consumer price inflation will continue to see upward pressure as persistently elevated international oil prices feed through to fuel-related components amid ongoing tensions in the Middle East. However, as price pressures on other fronts are expected to remain largely contained, overall inflation should stay moderate.

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