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WEDNESDAY, AUGUST 28, 1991
ON A YEAR-ON-YEAR COMPARISON, FASTER RATES OF INCREASE IN CPI(A) IN JULY 1991 WERE RECORDED FOR ALCOHOLIC DRINKS AND TOBACCO FOR HOME CONSUMPTION (41.6%), SERVICES (15.1%), HOUSING (13.4%), FOODSTUFFS (12.4%) AND TRANSPORT AND VEHICLES (12.3%). CORRESPONDING RATES OF INCREASE FOR THE SAME COMPONENTS IN CPI(B) WERE 39.3%, 13.9%, 11.9%, 12.6% AND 11.8% RESPECTIVELY.
THE
THESE FIVE COMPONENTS TOGETHER ACCOUNTED FOR OVER 89% OF THE OVERALL INCREASE IN THE CPI(A) AND 88% OF THE INCREASE IN THE CPI(B).
FOR THE PERIOD OF JANUARY TO JULY 1991, THE AVERAGE CPI(A) AND AVERAGE CPI (B) INCREASED BY 12.5% AND 12.0% RESPECTIVELY OVER THE CORRESPONDING PERIOD OF 1990.
FOR THE 12 MONTHS ENDING JULY 1991, THE CPI(A) AND CPI(B) WERE 11.6% AND 11.4% RESPECTIVELY HIGHER THAN IN THE 12 MONTHS ENDING JULY 1990.
FOR JULY 1991, THE 1984/85-BASED HANG SENG CPI WAS 11.0% HIGHER THAN IN JULY 1990. FOR THE 12 MONTHS ENDING JULY 1991, THE HANG SENG CPI WAS UP BY 11.7% COMPARED WITH THE 12 MONTHS ENDING JULY 1990.
1989/90-BASED CPI'S (SEE TABLE 2)
BY
THE 1989/90-BASED CPI(A) AND CPI(B) FOR JULY 1991 INCREASED 0.7% AND 0.6% RESPECTIVELY COMPARED WITH JUNE 1991. FOODSTUFFS ACCOUNTED FOR THE LARGEST PROPORTION OF THE INCREASES IN BOTH INDEXES. WITHIN THIS COMPONENT, INCREASES WERE RECORDED FOR THE CHARGES FOR MEALS AT RESTAURANTS. THE RETAIL PRICES OF PORK AND BEEF INCREASED, PARTLY REFLECTING THE EFFECT OF THE FLOOD IN CHINA.
INCREASES WERE ALSO RECORDED IN THE RETAIL PRICES OF LIVE POULTRY, SALT-WATER FISH, EDIBLE OIL AND FRESH FRUIT. THIS WAS FOLLOWED BY HOUSING, IN WHICH HIGHER RENTS WERE RECORDED FOR SOME PRIVATE HOUSING UNITS, AND SERVICES, IN WHICH HIGHER CHARGES WERE RECORDED FOR CINEMA ENTERTAINMENT, PACKAGE TOURS AND MEDICAL SERVICES.
HOWEVER, THE PRICES OF CLOTHING AND FOOTWEAR DECREASED IN JULY 1991 AS A RESULT OF THE SUMMER SALE IN DEPARTMENT STORES.
THE 1989/90-BASED HANG SENG CPI. FOR JULY 1991 WAS AT THE SAME LEVEL AS THAT FOR JUNE 1991.
THE CENSUS AND STATISTICS DEPARTMENT WILL CONTINUE TO RELEASE 1984/85-BASED CPI(A) AND CPI (B) IN PARALLEL WITH THE NEW SERIES 1989/90-BASED CPI(A) AND CPI(B) UNTIL MARCH 1992, AFTER WHICH THE FORMER SERIES WILL BE DISCONTINUED.
THE OF
MORE DETAILS ARE GIVEN IN THE "CONSUMER PRICE INDEX REPORT" FOR JULY 1991, WHICH IS AVAILABLE AT $7 PER COPY FROM THE GOVERNMENT PUBLICATIONS CENTRE, GROUND FLOOR, GPO BUILDING, CONNAUGHT PLACE, CENTRAL; OR FROM THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, FANCHAI TOWER 1, 12 HARBOUR ROAD, WAN CHAI: OR FROM THE INFORMATION SERVICES DEPARTMENT, FRENCH MISSION BUILDING, 1 BATTERY PATH, CENTRAL FOR LOCAL AND OVERSEAS MAILINGS.
/FOR ENQUIRIES