End

14

12

10

6

-

11

-

Chart 3 Year-on-year Rates of Increase

in Hang Seng CPI

Rate of increase (9%)

0

1

May 1994

Aug

Nov

Feb

May 1996

Aus

Nov

Feb

Klay

1996

Chart 4 Year-on-year Rates of Increase

in Composite CPI

Rate of increase (96)

14

12

10

00

0

+

+

May

Aug

Nov

Feb

1994

May 1996

Aug

Nov

Feb

May

1996

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