XN000022-1973-12-17 — Page 2

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Monday, December 17, 1973

NOVEMBER G.C.P.I. DROPS ANOTHER EIGHT POINTS

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The General Consumer Price Index for November 1973 was 159 -

eight points lower than that for the previous month.

The drop was the second in two months the first being in

October when a drop of four points was recorded.

During November, the index for foodstuffe dropped by 16 points.

On the other hand, the index for fuel and light went up by four points

while that for durable goods advanced by three points.

Increases of two points each were recorded in the index for

clothing and footwear, the index for miscellaneous goods and the index

for services.

The index for alcoholic drink and tobacco also rose by one

point. Movements in the indexes for other sections of community were

insignificant.

When adjusted to allow for seasonal fluctuations, the General Consumer

Price Index for November 1973 was 172 five points lower than that for the

previous month,

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Compared with the previous month, the average retail price

of fresh vegetables fell by 46 per cent as a result of a substantial

increase in both local supplies and imports.

The average retail prices of marine fish, fresh water fish,

poultry and fresh fruit also declined due to seasonal influences.

But the average retail prices of rice and charges for meals bought away

from home increased.

As to non-food items, the increase in the index for fuel and

light was attributable to the upward revision in the prices of kerosene and

liquefied petroleum gas towards the end of the month.

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