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SATURDAY, FEBRUARY 24, 1990
CONSUMER PRICE INDEXES FOR JANUARY PUBLISHED
THE CENSUS AND STATISTICS DEPARTMENT TODAY (SATURDAY) PUBLISHED THE CONSUMER PRICE INDEXES FOR JANUARY 1990.
THE CPI(A) AND CPI(B) (OCT. 84/SEP. 85 = 100) FOR JANUARY 1990 WERE 135.2 AND 134.7 RESPECTIVELY, REPRESENTING INCREASES OF 9.8 PER CENT AND 9.5 PER CENT RESPECTIVELY OVER JANUARY 1989. THESE RATES OF INCREASE WERE SIMILAR TO THOSE RECORDED FOR DECEMBER 1989.
+
INCREASED
COMPARING JANUARY 1990 WITH DECEMBER 1989, THE CPI(A) BY 1.2 PER CENT AND THE CPI(B) BY 1 PER CENT, LARGELY BECAUSE OF HIGHER PRICES OF FRESH FOOD ITEMS AND HIGHER CHARGES FOR HAIRDRESSING AROUND LUNAR NEW YEAR, AND HIGHER CHARGES FOR MEALS IN RESTAURANTS AND OTHER EATING PLACES.
THE AVERAGE CPI(A) AND AVERAGE CPI(B) FOR THE 12 MONTHS ENDED JANUARY 1990, AT 130.4 AND 130,0 RESPECTIVELY, WERE 10.1 PER CENT AND 9.7 PER CENT RESPECTIVELY HIGHER THAN THE AVERAGE FOR THE 12 MONTHS ENDED JANUARY 1989.
DURING THE THREE-MONTH PERIOD ENDED JANUARY
1990, THE SEASONALLY ADJUSTED CPI(A) AND (PI(B) BOTH INCREASED AT AN AVERAGE RATE OF 0.8 PER CENT PER MONTH.
THE CPI(A) AND THE 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 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.
CHANGES IN THE INDEXES FOR JANUARY 1990 IN RESPECT OF THE NINE COMMODITY/SERVICE SECTIONS IN THE TWO CONSUMER PRICE INDEXES, AS COMPARED WITH DECEMBER 1989 AND JANUARY 1989, ARE GIVEN BELOW.
(OCTOBER 1984 TO SEPTEMBER 1985 AVERAGE = 100)
CPI (A)
CPI(B)
INDEX % CHANGE % CHANGE
SECTION
FOR JAN.90
OVER DEC.89
OVER JAN.89
INDEX FOR JAN.90
% CHANGE % CHANGE
OVER DEC.89
OVER JAN.89
FOODSTUFFS
137.1
+2.4
+11.3
138.8
+2.4
+11.8
HOUSING
126.0
+0.4
+7.1
121.0
+0.6
+6.4
/FUEL AND