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Table 1 Consumer Price Indices and Rates of Increase for August 1996
(Oct. 94
—
CPI(A)
Index
for
change
over
Component
August 96 August 95
Sep. 95 CPI(B) Index % change
for
over August 96 August 95
100)
Index
for August 96 August 95
Hang Seng CPI
* change
Composite CPI
Index
over
for
change
over-
1.
August 96 Arust 95
Food
106.1
+1.5
106.0
+2.1
105.3
+2.3
106.0
+1.9
Meals bought
106.5
+3.8
106.1
+3.4
104.9
+3.3
106.1
+3.5
away from home
Food, excluding
105.6
-1.3
105.8
-0.3
106.1
+0.3
105.7
-0.7
meals bought
away from home
Housing
112.5
+8.5
113.9
+0.8
116.2
+10.3
114.2
+9.2
Fuel and light
106.6
+4.5
106.4
+4.6
107.3
+5.9
106.6
+4.7
Alcoholic drinks
108.7
+6.3
108.8
+6.2
107.9
+5.6
108.6
+6.2
and tobacco
Clothing and
108.1
+8.9
108.9
+9.6
102.2
+2.6
106,5
+7.1
footwear
Durable goods
102.5
+1.3
102.0
+1.2
102.7
+1.6
102.3
+1.3
Miscellaneous
104.8
+3.9
104.3
+3.3
103.3
+2.3
104.2
+3.2
goods
Transport
+6.1
Miscellaneous
services
109.3
109.0
+5.9
108.0
+5.4
108.8
+5.8
108.9
+7.8
108.6
+7.3
106.7
+5.2
108.1
+6.7
All items
108.2
+4.9
308.7
+5.5
108.9
+5.8
108.6
+5.4
Monthly consumer price indices are compiled on the basis of (a) expenditure patterns of relevant households and (b) prices collected currently in the month. The expenditure patterns underlying the 1994/95-based consumer price indices are based on those patterns derived from the 1994/95 Household Expenditure Survey. The CPI(A) is based on the expenditure pattern of about 50% of households in Hong Kong, which had an average monthly expenditure of $4,000-$15,999 in 1994/95. The CPI(B) is based on the expenditure pattern of the next 30% of households, which had an average monthly expenditure of $16,000-$29,999 in 1994/95. The Hang Seng CPI is based on the expenditure pattern of the next 10% of households, which had an average monthly expenditure of $30,000-$59,999 in 1994/95.
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Whereas the CPI(A), CPI(B) and Hang Seng CPI are based on the expenditure patterns of groups of households with different magnitudes of household expenditure, the Composite CPI is compiled based on the expenditure pattern of all these bouseholds taken together. Thus, while the CPI(A), CPI(B) and Hang Seng CPI show the impact of consumer price changes on different groups of households, the Composite CPI shows the impact of consumer price changes on the household sector generally.