Hong Kong inflation eases in July as Austria and Malta diverge

Hong Kong’s annual inflation rate eased to 1.7% in July 2026 from 2% in each of the previous two months, as housing and transport inflation slowed and durable-goods prices fell. Consumer prices rose 0.2% month on month after two consecutive flat readings. Austria’s year-on-year inflation rate fell to 2.8% from 3.2% in June, reaching a five-month low but exceeding the preliminary 2.7% estimate, while monthly prices were unchanged. Malta’s annual inflation increased to 2.1% from 2.0%, and monthly prices rose 0.5% after a 1.1% increase in June. Austria’s annual HICP rose 2.7%, down from 3.2% and slightly above the initial 2.6% estimate.

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