THURSDAY, JULY 24, 1986
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CONSUMER PRICE INDEXES FOR JUNE
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THE NEW CPI(A) AND NEW CP1(B) (OCTOBER 84-SEPTEMBER 85 = = 100) FOR JJNE 1986 WERE 103.8 AND 104.1 RESPECTIVELY, ACCORDING TO STATISTICS RELEASED BY THE CENSUS AND STATISTICS DEPARTMENT TODAY.
COMPARED WITH MAY 1986 AND BEARING IN MIND THAT THIS COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, THE NEW CPI(A) INCREASED BY 0.9 PER CENT AND THE NEW CPI(B), BY 0.7 PER CENT.
THE 1979-80-BASED CP1(A) AND CPI(B) FOR JUNE 1986 WERE 164.3 AND 165.7 RESPECTIVELY, REPRESENTING INCREASES OF 2.8 PER CENT AND 3.5 PER CENT RESPECTIVELY OVER JUNE 1985. COMPARED WITH MAY 1986, CPI(A) INCREASED BY 0.8 PER CENT AND CPI(B), BY 0.6 PER CENT.
THE AVERAGE CPI(A) AND AVERAGE CPI(B) FOR THE 12 MONTHS ENDED JUNE 1986, AT 161.8 AND 162.6 RESPECTIVELY, WERE 2.8 PER CENT AND 3.2 PER CENT RESPECTIVELY HIGHER THAN THE AVERAGE FOR THE 12 MONTHS ENDED JUNE 1985.
PRICE MOVEMENTS DESCRIBED BELOW ARE BASED ON THE NEW CPI SERIES.
DURING THE THREE-MONTH PERIOD ENDED JUNE 1986, THE SEASONALLY ADJUSTED NEW CPI(A) AND NEW CPI(B) BOTH INCREASED AT AN AVERAGE RATE OF 0.4 PER CENT PER MONTH.
DURING JUNE, FOOD PRICES, ESPECIALLY THOSE OF FRESH VEGETABLES AND LIVE POULTRY, INCREASED. PRIVATE DWELLING RENTALS AND RETAIL PRICES OF CIGARETTES ALSO WENT UP. TRANSPORT CHARGES ALSO INCREASED, REFLECTING THE FULL EFFECT OF THE MASS TRANSIT RAILWAY FARE REVISION EFFECTIVE FROM MAY 23, 1986. ON THE OTHER HAND, CHARGES FOR TOWNGAS AND ELECTRICITY AND RETAIL PRICES OF PETROLEUM PRODUCTS DECREASED.
THE NEW CPI(A) AND THE NEW CPI(B) ARE BASED ON THE EXPENDITURE PATTERNS OF 50 PER CENT AND 30 PER CENT, RESPECTIVELY, OF URBAN HOUSEHOLDS IN HONG KONG, WHICH WERE DERIVED FROM THE 1984-85 HOUSEHOLD EXPENDITURE SURVEY.
THE NEW CPI(A) REFERS TO HOUSEHOLDS SPENDING BETWEEN $2 000 AND $6 499 A MONTH AT THAT TIME AND THE NEW CPI(B) BETWEEN $6 500 AND $9 999 A MONTH.
/JHANGES IN