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THURSDAY, JULY 21, 1994
CONSUMER PRICE INDICES FOR JUNE 1994
THE CONSUMER PRICE INDEX (A) AND THE CONSUMER PRICE INDEX (B) IN JUNE 1994 WERE 7.5% AND 8.1% RESPECTIVELY HIGHER THAN IN JUNE 1993, ACCORDING то FIGURES RELEASED TODAY (THURSDAY) BY THE CENSUS AND STATISTICS DEPARTMENT.
THESE WERE LOWER THAN THE CORRESPONDING INCREASES OF 7.8% 8.4% IN MAY.
AND
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YEAR,
COMPARING THE FIRST HALF OF 1994 WITH THE SAME PERIOD LAST THE CPI(A) ROSE BY 7.5% AND THE CPI (B) BY 8.0%.
THE CORRESPONDING AVERAGE ANNUAL INCREASES FOR 1993 WERE 8.5% AND 8.
7%.
COMMENTING ON THE LATEST FIGURES, A GOVERNMENT SPOKESMAN SAID: "ALTHOUGH PRICES OF SOME FRESH FOOD ITEMS WENT UP IN THE LATTER PART OF JUNE CAUSED BY THE RECENT FLOODING IN SOUTH CHINA, PRICES OF VEGETABLES SHOWED EVEN SHARPER INCREASES IN JUNE LAST YEAR, AFFECTED BY POOR WEATHER CONDITIONS WITH TYPHOON AND SEVERAL RAINSTORMS.
"AS A RESULT, THE AVERAGE PRICES OF VEGETABLES FOR JUNE 1994 WERE STILL LOWER THAN THAT IN JUNE 1993."
SAME 10.0%.
THE HANG SENG CPI WAS HIGHER BY 10.1% IN JUNE 1994 THAN IN THE MONTH LAST YEAR. THE CORRESPONDING INCREASE IN MAY 1994 WAS
THE LARGER INCREASE IN THE HANG SENG CPI IN JUNE CPI(A) WAS MAINLY BECAUSE OF A FASTER INCREASE IN RENTAL HOUSEHOLDS COVERED BY THE HANG SENG CPI.
THAN THE PAID BY
THE COMPOSITE CPI, WHICH IS COMPILED BASED ON THE COMBINED EXPENDITURE PATTERN OF HOUSEHOLDS COVERED BY THE THREE CPIS, SHOWED AN INCREASE OF 8.4% IN JUNE 1994 OVER THE SAME MONTH IN 1993. THIS WAS SLIGHTLY LOWER THAN THE CORRESPONDING INCREASE OF 8.6% IN MAY.
COMPARING JUNE 1994 WITH JUNE 1993, RELATIVELY SLOWER PRICE INCREASES THAN THE OVERALL AVERAGE WERE RECORDED FOR FOOD (EXCLUDING MEALS AT RESTAURANTS) (1.6% IN THE CPI(A) AND 2.2% IN THE CPI (B)); DURABLE GOODS (3.1% AND 3.5%); FUEL AND LIGHT (3.7% AND 3.6%); ALCOHOLIC DRINKS AND TOBACCO (5.4% AND 6.1%); MISCELLANEOUS GOODS (5.9% AND 5.3%); AND CLOTHING AND FOOTWEAR (7.0% AND 7.3%).
ON THE OTHER HAND, RELATIVELY FASTER PRICE INCREASES THAN THE OVERALL AVERAGE WERE RECORDED FOR MISCELLANEOUS SERVICES (12.3% IN THE CPL(A) AND 11.2% IN THE CPI(B)); HOUSING (11.4% AND 12.0%); AND TRANSPORT (9.1% AND 9.0%)
+
AS FOR MEALS AT RESTAURANTS, THE CORRESPONDING
8.0% IN THE CPI(A) AND 7.8% IN THE CPI(B).
+
INCREASE WAS
COMPARING JUNE 1994 WITH MAY 1994 THE CPI(A) AND CPI (B) INCREASED BY 0.8% AND 0.6% RESPECTIVELY. HOWEVER, THIS COMPARISON COULD HAVE BEEN AFFECTED BY SEASONAL FACTORS.
/SECONDALLY ADJUSTED