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TUESDAY, OCTOBER 27, 1992
CONSUMER PRICE INDICES FOR SEPTEMBER
THE CONSUMER PRICE INDEX (A) IN SEPTEMBER 1992 WAS 9.9% HIGHER IN SEPTEMBER 1991, ACCORDING TO THE FIGURES RELEASED TODAY (TUESDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THAN
THIS WAS HIGHER THAN THE FIGURE OF 8.3% IN THE PRECEDING MONTH.
THE CPI(B) AND THE HANG SENG CPI WERE BOTH HIGHER BY 10.2% IN SEPTEMBER 1992 THAN IN SEPTEMBER LAST YEAR. THE CORRESPONDING INCREASES IN AUGUST 1992 WERE 9.1% AND 9.8%.
THE COMPOSITE CPI, WHICH WAS COMPILED BASED ON THE COMBINED EXPENDITURE PATTERN OF HOUSEHOLDS COVERED BY THE THREE CPIS, SHOWED AN INCREASE OF 10.1% IN SEPTEMBER 1992 OVER THE SAME MONTH IN 1991. THE CORRESPONDING INCREASE IN AUGUST 1992 WAS 9.0%.
THE HIGHER YEAR-ON-YEAR RATES OF INCREASE IN THE CPIS IN SEPTEMBER THAN IN AUGUST THIS YEAR WERE MAINLY DUE TO A SHARP INCREASE IN THE PRICES OF FRESH VEGETABLES AND HIGHER RENT FOR SOME PUBLIC HOUSING ESTATES AND PRIVATE HOUSING UNITS.
MOREOVER, SEPTEMBER 1991 WAS A RELATIVELY LOW BASE
COMPARISON.
FOR
COMPARING SEPTEMBER 1992 WITH SEPTEMBER 1991, RELATIVELY SLOWER INCREASES IN PRICES WERE RECORDED FOR DURABLE GOODS (2.3% IN THE CPI(A) AND 2.4% IN THE CPI (B)); TRANSPORT (6.5% AND 7.0%); FUEL AND LIGHT (7.0% AND 6.8%); FOOD (EXCLUDING MEALS AT RESTAURANTS) (7.1% AND 6.8%); AND MISCELLANEOUS GOODS (7.4% AND 7.0%).
ON THE OTHER HAND, RELATIVELY FASTER INCREASES IN PRICES WERE RECORDED FOR CLOTHING AND FOOTWEAR (10.0% IN THE CPI(A) AND 10.1% IN THE CPI (B)); MEALS AT RESTAURANTS (10.4% IN BOTH CPIS); ALCOHOLIC DRINKS AND TOBACCO (11.5% IN BOTH CPIS); SERVICES (12.1% IN THE CPI(A) AND 10.8% IN THE CPI(B)); AND HOUSING (14.6% AND 15.0%).
COMPARING SEPTEMBER 1992 WITH AUGUST 1992, THE CPI(A) INCREASED BY 2.2% WHILE THE CPI (B) AND THE HANG SENG CPI INCREASED BY 1.6% AND 1.3% RESPECTIVELY. THIS COMPARISON WAS, HOWEVER, AFFECTED BY SEASONAL FACTORS.
THE INCREASES WERE LARGELY DUE TO A SIGNIFICANT RISE IN THE PRICES OF FRESH VEGETABLES, HIGHER RENT FOR SOME PUBLIC AND PRIVATE HOUSING UNITS, AND THE ANNUAL INCREASE IN SCHOOL FEES.
FOR THE THREE MONTHS ENDING SEPTEMBER 1992, THE CPI(A) WAS, AVERAGE, HIGHER BY 9.0% THAN IN THE SAME PERIOD LAST YEAR. CORRESPONDING FIGURE FOR THE CPI(B) WAS 9.5%.
ON
THE
/FOR THE
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