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CONFIDENTIAL

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26

Hong

Kong's

with

inflation

in the third quarter(22).

However,

China's share in Hong Kong's retained imports becoming

very small, the influence of the prices of Chinese goods on

Hong Kong's overall price level has been declining.

(22) Year-on-year rate of increase (%) in :

Retail price index of goods from China

CPI (A)

All

consumer

All

goods

Foodstuffs

consumer

goods

Foodstuffs

1990 Annual

3.7

3.5

9.8

9.9

H1

3.4

3.3

9.3

10.1

H2

4.1

3.7

10.2

9.8

1991 H1

4.5

4.4

12.5

11.3

Q3

8.0

9.5

12.3

12.2

Jul

8.0

9.3

12.6

12.4

Aug

9.1

11.4

12.7

12.8

Sep

6.8

8.0

11.5

11.4

Economic Analysis Division Economic Services Branch

Government Secretariat

27 December 1991

CONFIDENTIAL ##

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