FRIDAY, SEPTEMBER 23, 1988
CONSUMER PRICE INDEXES FOR AUGUST PUBLISHED
THE CENSUS AND STATISTICS DEPARTMENT TODAY (FRIDAY)
THE CONSUMER PRICE INDEXES FOR AUGUST 1988.
PUBLISHED
THE CPI(A) AND CPI(B) (OCT. 84/SEP. 85 = 100) FOR AUGUST 1988 WERK 118.9 AND 118.7 RESPECTIVELY, REPRESENTING INCREASES OF 7.7 PER CENT AND 7.5 PER CENT RESPECTIVELY OVER AUGUST 1987.
COMPARED WITH JULY 1988 AND BEARING IN MIND THAT THIN COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, THE CPI(A) INCREASED BY 0.8 PER CENT AND THE CPI(B), BY 0.5 PER CENT.
THE AVERAGE CPI(A) AND AVERAGE CPI(B) FOR THE 12 MONTHS ENDED AUGUST 1988, AT 114.5 AND 114.6 RESPECTIVELY, WERE 6.9 PER CENT AND 6.8 PER CENT RESPECTIVELY HIGHER THAN THE AVERAGE FOR THE 12 MONTHS ENDED AUGUST 1987.
DURING THE THREE-MONTH PERIOD ENDED AUGUST 1988, THE SEASONALLY ADJUSTED CPI(A) AND CPI(B) BOTH INCREASED AT AN AVERAGE RATE OF 0.6 PER CENT PER MONTH.
THE CPI(A) AND THE CPI(B) ARE BASED ON THE EXPENDITURĖ PATTERNS OF 50 PER CENT AND 30 PER CENT, RESPECTIVELY, OF URBAN HOUSEHOLDS IN HONG KONG, WHICH WERB DERIVED FROM THE 1984-85 HOUSEHOLD EXPENDITURE SURVEY.
THE CPI(A) REFERS TO HOUSEHOLDS SPENDING BETWEEN $2,000 AND $6,499 A MONTH AT THAT TIME AND THE CPI(B) BETWEEN $6,500 AND $9,999 A MONTH.
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