13
Percent
14
13
Year-on-year rate of change |
Q
5
VII. Consumer Price Index (A)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
(a)
1991
1
1992
After a relapse in
September,
consumer
price inflation in terms of the CPI(A)
moderated to 9.5% in October and further to 9.2% in November.
(b)
The moderation in November was mainly due slower to lower vegetable prices and increase
in charges for meals
at
restaurants.
5
8.0
7.5
Percent per annum
21
7.0
6.3
4.0-
VIII. Interest Rates
Best landing rate
5.5
3-month HIBOR
5.0
4.3
4.0
3.5
3-month Eurodollar
3.0
2.5
2.0
10/1
10/11
10/21
10/31
11/10
11/20
11/30
12/10
12/20
12/30
Month/Day
(a)
Local
(b)
(c)
money market interest rates softened somewhat in the first few days of December before stabilising during the rest of the 3-month Hong Kong dollar rate closed December at 4 3/16%, percentage point lower than at
month.
The
interbank 9/16 of a end-November.
Meanwhile,
the 3-month Eurodollar rate edged lower, by 19/32 of a percentage point to 3 3/8% at end-December.
also
The
a
differential between the two rates thus widened slightly to 13/16 of percentage point in favour of the Hong Kong dollar interest rate at end-December, from 25/32 of a percentage point at end-November.
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