香港7月CPI同比增长1%

Core Insights - The overall consumer price index (CPI) in Hong Kong increased by 1.0% year-on-year in July 2025, down from 1.4% in June 2025, primarily due to lower property tax relief measures compared to the previous year [1] - The basic inflation rate, excluding one-off government relief measures, remained at 1.0% in July 2025, consistent with June 2025 [1] - The average monthly change rate of the CPI for the three months ending July 2025 was 0.2%, compared to 0.0% for the three months ending June 2025 [1] Detailed Breakdown - The year-on-year increases in the consumer price indices for categories A, B, and C in July 2025 were 1.5%, 0.9%, and 0.6%, respectively, down from 2.1%, 1.3%, and 0.9% in June 2025 [2] - Excluding government relief measures, the year-on-year increases for categories A, B, and C in July 2025 were 1.4%, 0.9%, and 0.6%, compared to 1.5%, 0.9%, and 0.7% in June 2025 [2] - The average monthly change rates for categories A, B, and C for the three months ending July 2025 were 0.4%, 0.2%, and 0.1%, respectively, compared to 0.0% for the three months ending June 2025 [2] Price Changes by Category - In July 2025, the categories with year-on-year price increases included housing (up 1.8%), tobacco and alcohol (up 1.7%), transportation (up 1.4%), dining out and takeout (up 1.3%), miscellaneous services (up 1.0%), and utilities (up 0.7%) [3] - Conversely, categories with year-on-year price decreases included clothing (down 3.3%), durable goods (down 2.3%), and basic food items (down 0.1%) [3] - For the first seven months of 2025, the overall CPI increased by 1.6% year-on-year, with category A, B, and C indices rising by 2.2%, 1.4%, and 1.1%, respectively [3] Annual Overview - For the twelve months ending July 2025, the overall CPI increased by an average of 1.7% year-on-year, with category A, B, and C indices rising by 2.2%, 1.5%, and 1.3%, respectively [4] - Excluding one-off government relief measures, the corresponding increases were 1.2%, 1.4%, 1.1%, and 1.0% [4] - A government spokesperson indicated that the inflation in July remained mild, with the basic CPI year-on-year increase at 1.0%, similar to the previous month, and price pressures in major components being generally controlled [4]