Overall consumer prices rose 1.7% in July year on year, a smaller increase than the 2% rise recorded in June, 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 July, unchanged from the previous month.
Compared to July 2025, price increases were recorded across several categories, including electricity, gas and water; transport; miscellaneous services; miscellaneous goods; meals out and takeaway food; clothing and footwear; alcoholic drinks and tobacco; and housing.
Meanwhile, year-on-year decreases were recorded for durable goods and basic food.
The Government noted that while inflation for fuel-related items stayed high with some showing accelerated increases, overall inflation remained moderate as price pressures on other components were generally contained.
Looking ahead, the continued feed-through of higher international oil prices to fuel-related components will exert upward pressure on consumer price inflation. While ongoing geopolitical tensions in the Middle East remain a key source of uncertainty, overall inflation should stay moderate as price pressures on other fronts remain broadly in check.