XN000022-1974-10-28 — Page 3

MONDAY, OCHOBER 28, 1974,

IT IS ENVISAGED THAT THE EXISTING GENERAL CONSUMER PRICE INDEX AND MODIFIED CONSUMER PRICE INDEX WILL BE PUBLISHED $IMULTANEOUSLY WITH THE NEW ONES FOR A PERIOD OF SIX MONTHS TO GIVE USERS TIME TO CHANGE OVER.

+IT IS TOO EARLY TO SAY HOW MOVEMENTS OF THE NEW INDEXES COMPARE WITH THOSE OF THE EXISTING ONES. HOWEVER,

HOWEVER, AFTER THE € MONTHS PERIOD IT MIGHT BE POSSIBLE TO MAKE SOME” COMPARISONS, SAID MR. WHITELEGGE.

THE COMMISSIONER POINTED OUT THAT THE LIST OF COMMODITIES USED IN THE CALCULATION OF THE NEW INDEXES WOULD BE REVISED FROM TIME TO TIME TO TAKE ACCOUNT OF CHANGES IN CONSUMER FREFERENCES AND OF INTRODUCTION OF NEW COMMODITIES.

IN ORDER TO KEEP PRIVATE RENTAL MOVEMENTS UNDER REVIEW A SPECIAL RENT SURVEY WILL BE CONDUCTED QUARTERLY BY THE CENSUS AND STATISTICS DEPARTMENT. AT THE SAME TIME, PRICES ARE COLLECTED ON A CONTINUING BASIS.

MEANWHILE, THE FULL REPORT OF THE 1973/74 HOUSEHOLD EXPENDITURE SURVEY IS BEING COMPILED AND WILL BE PUBLISHED EARLY NEXT YEAR,

THE REPORT WILL INCLUDE A DETAILED ACCOUNT ON HOW THE EXPENDITURE SURVEY WAS BEING CONDUCTED, METHODOLOGY ON THE CONSTRUCTION OF CONSUMER PRICE INDEXES, AN ANALYSIS OF THE SURVEY RESULTS AND A COMPREHENSIVE SET OF TABLE SHOWING THE SOCIAL AND ECONOMIC CHARACTERISTICS OF THE HOUSEHOLD SURVEYS.

NOTE TO EDITORS #

+

COPIES OF TWO TABLES SHOWING THE WEIGHTS OF COMMODITY AND SERVICE AND ALSO THE ACTUAL LEVELS OF THE NEW INDEXES FOR THE MONTHS OF JULY, AUGUST AND SEPTEMBER ARE BOXED FOR COLLECTION.

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