Table 1 Consumer Price Indices
28
and Rates of Increase for October 1996
(Oct. 94
CPI(A)
Sep. 95 CPI(B)
100)
Hang Seng CPI
Composite CPI
Index for
* change Index
% change
Index
% change
Index
* change
over
for
Component
Oct. 96
Oct. 95
Oct. 96
over Oct. 95
for
over
for
over
Oct. 96
Oct. 95
Oct. 9%
Oct. 95
Food
105.8
+2.5
105.9
+2.6
105.3
+2.8
105.8
+2.6
Meals bought
106.7
+3.4
106.3
+3.1
105.2
+3.0
106.3
+3.2
away from home
Food, excluding
104.6
+1.4
105.2
+1.9
105.7
+2.3
105.0
+1.7
meals bought
away from home
Housing
114.8
+8.2
115.4
+8.3
117.6
+9.4
116.0
+8.6
Fuel and light
108.1
Alcoholic drinks
109.4
+6.3
+6.3
107.9
109.8
+6.3
+6.4
108.6
+6.9
108.1
+6.4
109.3
+5.9
109.5
+6.2
and tobacco
Clothing and
118.7
+10.6
120.1
+11.4
112.8
+5.7
117.4
+9.4
footwear
Durable goods
104.1
+1.5
104.5
+2.0
104.4
+1.2
104.4
+1.6
Miscellaneous
108.4
+4.6
107.1
+4.0
105.7
+3.0
107.1
+3.9
goods
Transport
109.8
+6.1
109.4
+5.8
108.4
+5.5
109.2
+5.8
Miscellaneous
112.8
+7.1
111.6
+6.8
108.9
+5.5
111.0
+6.4
services
All items
109.9
+5.4
110.6
+5.8
110.9
+6.0
110.5
+5.7
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.
TXT
Whereas the CPI(A), CPI(B) and Hang Seng CPI are based on the expenditure pattems of groups of households with different magnitudes of household expenditure, the Composite CPI is compiled based on the expenditure pattern of all these households 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,
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