We use inches as mentioned below, but The pressure is read to the nearest thousandth as in 29.735 or 29.730 it is rounded to the nearest .005 inch. I was an Aviation Weather forecaster for the AF for 21 years. Are you sure the reading you looking at is pressure or "station pressure" ? Altimeter settings for aircraft are done in 4 digits ie. 29.73, it makes a difference. For Altimeter settings it will be prefixed by the tern ALSTG in a weather observation.
Actually for weather purposes the standard is 29.92(0)inHg. It will rise or fall as High or Low pressure systems move through an area.