XN000022-1972-07-17 — Page 1

P.A.H. 7 (REVISED)

4000001

HONG KONG MATEMMENT INFORMATION SERVICES

DAILY

INFORMATION BULLETIN

Monday, July 17, 1972

SHARP RISE IN CONSUMER PRICE INDEX

The General Consumer Price Index for the month of June rose

by four points to 142.

The rise was brought about by a sharp increase in the index

for food which jumped by seven points following the disastrous rainstorms

in the middle of the month.

Increases of one point each were also recorded in the indexes

for alcoholic drinks, durable goods and services. Movements in the

indexes for other sections of commodity were insignificant.

Because of the adverse weather conditions there were considerable

increases in the average retail price of fresh vegetables. Higher prices

were also recorded for salt and fresh water fish, other fish, live

poultry, and fresh fruit. On the other hand the retail price of beef fell.

The Modified Consumer Price Index also rose by four points

to 146 at the end of June. This is 10 points higher than for the same month

in 1971.

The General Consumer Price Index is based on the general price

level operating between September 1963 and August 1964. The index for

that period is taken as 100.

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