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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong CPI YoY fell to 1.7% in July 2026
FMPMonthlyReleased August 2026
Hong Kong CPI YoY fell to 1.7% in July 2026, released August 2026, down 0.3% from June's 2.0% reading. The reading matched expectations. The print is running well below the 12-month average of 1.82%. Over the past 3 months, CPI YoY averaged 2.0%, vs 1.7% in the prior 3-month window.
Latest Release
1.7
Actual
1.7
Consensus
2
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI YoY (Hong Kong) was reported at 1.7% in August 2026. This matched the market consensus of 1.7% exactly. The reading fell from the previous value of 2%. Trailing 12-month context per ETL data through August 2026.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
The next release is scheduled for September 23, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI YoY - HK
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About CPI YoY — Hong Kong
DEFINITION
Hong Kong's CPI YoY for August came in at 1.7%, matching estimates but down from July's 2.0%, signaling a deceleration in inflation. The reading marks a decline from July's level, indicating easing price pressures after two months at 2.0%. Market focus will remain on upcoming data for further inflation trends amid steady monetary policy. Updated 8/20/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 1.7 %, consensus 1.7 %. Prior reading (Jun 2026): 2 %. Before that (May 2026): 2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection.
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EXPECTED ZONE
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Economic Calendar - HK Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | HK | Industrial Production YoY | 2.3 | 3.1 | 2.5 | 2.40 | Low |