5
MONDAY, OCTOBER 28, 1991
THE FINANCIAL SECRETARY WELCOMED THESE LATEST FIGURES 15 "ENCOURAGING" BUT ADDED THAT INFLATION WAS STILL A SERIOUS PROBLEM AND WAS LIKELY TO MODERATE ONLY SLOWLY.
ON A YEAR-ON-YEAR COMPARISON, MORE MODERATE INCREASE WAS RECORDED IN THE FUEL AND LIGHT COMPONENT (3.2%, FOLLOWED BY DURABLE GOODS (3.9%); CLOTHING AND FOOTWEAR (6.1%); AND FOODSTUFFS, EXCLUDING MEALS BOUGHT AWAY FROM HOME (9.6%).
ON THE OTHER HAND, FASTER INCREASE WAS RECORDED IN THE (41.4%); SERVICES MEALS BOUGHT AWAY FROM HOME (13.2%); AND TRANSPORT AND (12.4%).
DRINKS AND TOBACCO FOR HOME CONSUMPTION
ALCOHOLIC
(13.9%); VEHICLES
FOR THE PERIOD OF JANUARY TO SEPTEMBER 1991, THE WERAGE CPI(M) AND AVERAGE CPI(B) INCREASED BY 12.4% AND 11.9% RESPECTIVELY OVER THE CORRESPONDING PERIOD OF 1990.
F
FOR THE 12 MONTHS ENDING SEPTEMBER 1991 THE CPI(A) AND CPI(8) WERE 12.1% AND 11.7% RESPECTIVELY HIGHER THAN IN THE 12 MONTHS ENDING SEPTEMBER 1990.
FOR SEPTEMBER 1991, THE 1984/85-BASED HANG SENG CPI WAS 10.1% HIGHER THAN IN SEPTEMBER 1990. FOR THE PERIOD OF JANUARY TO SEPTEMBER 1991, THE AVERAGE HANG SENG CPI INCREASED BY 11.4% OVER THE CORRESPONDING PERIOD OF 1990. FOR THE 12 MONTHS ENDING 1991, THE HANG SENG CPI WAS UP BY 11.5% COMPARED WITH THE ENDING SEPTEMBER 1990.
1989/90-BASED CPI'S (SEE TABLE 2)
SEPTEMBER 12 MONTHS
THE 1989/90-BASED CPI(A) AND CPI(B) FOR SEPTEMBER 1991 BOTH INCREASED BY 0.7% COMPARED WITH AUGUST 1991. THIS WAS MAINLY DUE TO PRICE INCREASES IN THE SERVICES COMPONENT. SPECIFICALLY, THERE WERE INCREASES IN THE PRICES OF TEXTBOOKS, NURSERY CHARGES AND SCHOOL FEES.
WITHIN THE HOUSING COMPONENT, PUBLIC HOUSING RENTALS SHOWED VIRTUALLY NO CHANGE IN SEPTEMBER 1991 COMPARED WITH AUGUST 1991, WHILE PRIVATE HOUSING RENTALS RECORDED AN INCREASE.
AS FOR THE FOODSTUFFS COMPONENT, FOODSTUFFS (EXCLUDING MEALS BOUGHT AWAY FROM HOME) REGISTERED A DECLINE IN SEPTEMBER 1991 OVER AUGUST 1991, LARGELY DUE TO LOWER PRICES OF FRESH VEGETABLES. CHARGES FOR MEALS AT RESTAURANTS, HOWEVER, CONTINUED TO INCREASE.
THE 1989/90-BASED HANG SENG CPI FOR SEPTEMBER 1991 INCREASED BY 1.0% COMPARED WITH AUGUST 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 FORMER SERIES WILL BE DISCONTINUED.
THE OF
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