23.04.202608:30:00UTC+00Hong Kong CPI Grinds to a Halt in March, Ending Modest Price Growth

Hong Kong’s consumer price momentum stalled in March 2026, with the month‑over‑month Consumer Price Index (CPI) registering 0.00%, according to data updated on 23 April 2026. This marks a clear slowdown from February 2026, when CPI rose 0.50% compared with the previous month.

The shift from a 0.50% increase in February to flat prices in March suggests that short‑term inflationary pressures eased notably at the end of the first quarter. On a month‑over‑month basis, the latest reading indicates that overall consumer prices in March did not rise compared with February, in contrast to the previous month’s gain versus January.

The figures highlight a cooling in sequential price growth: the “actual” measure compares March to February, while the “previous” figure reflects February’s change versus January. Together, they show that Hong Kong moved from modest monthly inflation to zero price growth in just one month, a development that market participants will watch closely for implications on consumer demand and policy expectations.