FX.co ★ Hong Kong CPI Inflation Eases to 1.7% in July, Slipping from 2.0% in June

Hong Kong’s consumer price inflation cooled in July 2026, with the Consumer Price Index (CPI) rising 1.7% year-over-year, down from 2.0% in June 2026. The latest data, updated on 20 August 2026, indicate a modest easing in price pressures compared with the same period a year earlier.

On a year-over-year basis, July’s figure reflects a slower pace of consumer price growth than in the previous month, when June CPI was also measured against June a year earlier. The deceleration suggests that inflationary momentum in Hong Kong is stabilizing, potentially offering some relief to households and a slightly more comfortable backdrop for policymakers monitoring price stability.

The comparison is based on annual changes, with both the current and previous readings describing how prices in each month have evolved relative to the corresponding month a year before. This framework highlights a gradual cooling trend in inflation as the city moves through the second half of 2026.