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Thursday, June 1, 1972
PRESENT CONSUMER PRICE INDEX
To Be Completely Revised
The present Consumer Price Index will be completely revised in
order to increase its accuracy and its capacity to reflect current conditione.
This was said today by Mr. K.W.J. Topley, the Commissioner of Census
and Statistics.
"It was proposed to conduct a larger and more detailed Continuone
Household Expenditure Survey which will provide material for an annual or
biennial revision of the index," he said..
Mr. Topley said that an estimate of the gross domestic product for
Hong Kong was also being calculated based on data from various sources.
He said that advice on the future development of economic and social
statistics was now given to Government by the Statistics Advisory Board.
"This Board was set up in March this year and it comprises representatives
of the government, private sector and academic field," he added..
The Department publishes a Monthly Digest of Statistics, which summarizes
all available data on social and economic life of Hong Kong in the fields of
climate, population, industrial employment and wages, production, trade, transport
and communications, prices and price indexes, money and finance, building and
construction, and tourism.
/"During
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