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THURSDAY, JUNE 22, 1978
COST OF LIVING FOR MAY DOWN *****
THE CONSUMER PRICE INDEX (A) FOR LAST MONTH (MAY) WAS 122, DOWN BY THREE POINTS, AND THE INDEX (B) WAS 123, DOWN BY ONE POINT COMPARED WITH THOSE FOR THE PREVIOUS MONTH.
THE INDEX FOR FOODSTUFFS FELL BY FOUR POINTS IN C.P.1. (A) AND BY THREE POINTS IN C.P.I.(B).
THE AVERAGE RETAIL PRICES OF SALT-WATER FISH AND FRESH VEGETABLES DECLINED AS A RESULT OF INCREASED SUPPLIES. AS MOST VARIETIES OF FRESH-WATER FISH WERE PRICED LOWER, ITS AVERAGE RETAIL PRICE FELL.
ON THE OTHER HAND, THE AVERAGE CHARGES FOR MEALS BOUGHT AWAY FROM HOME WENT UP AS SOME RESTAURANTS AND EATING-PLACES RAISED THEIR PRICES.
MOVEMENTS IN RETAIL PRICES OF OTHER FOOD ITEMS WERE INSIGNIFICANT.
THE INDEX FOR CLOTHING AND FOOTWEAR ROSE BY TWO POINTS AND THAT FOR ALCOHOLIC DRINKS AND TOBACCO BY ONE POINT IN BOTH C.P.I.(A) AND C.P.I.(B) AS A RESULT OF HIGHER PRICES FOR SOME OUTERCLOTHING ITEMS AND FOREIGN-STYLE ALCOHOLIC DRINKS.
INCREASES OF ONE POINT EACH WERE RECORDED IN THE INDICES FOR MISCELLANEOUS GOODS AND FOR SERVICES IN C.P.I.(A) OWING TO HIGHER PRICES FOR CHINESE HERBAL MEDICINES AND HIGHER CHARGES FOR HAIRDRESSING AND CINEMA ENTERTAINMENT.
THE INDEX FOR HOUSING ALSO ROSE BY ONE POINT IN C.P.I.(B BECAUSE OF HIGHER CHARGES FOR HOUSING MAINTENANCE.
PRICE MOVEMENTS IN OTHER COMMODITY SECTIONS WERE INSIGNIFICANT.
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THE C.P.I.(A) IS BASED ON WEIGHTS DERIVED FROM THE EXPENDITURE OF HOUSE HOLDS SPENDING BETWEEN $400 $1,499 A MONTH AND THE C.P.I.(B), BETWEEN $1,500 - $2,999 A MONTH IN THE HOUSEHOLD EXPENDITURE SURVEY, 1973/74.
/THE SECTION
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