FRIDAY, AUGUST 28, 1981
6
CONSUMER PRICE INDEXES FOR JULY
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THE CENSUS AND STATISTICS DEPARTMENT TODAY (FRIDAY) PUBLISHED THE CONSUMER PRICE INDEXES FOR JULY 1981. THE NEW CONSUMER PRICE INDEX (A) AND THE NEW CONSUMER PRICE INDEX (B) FOR JULY 1981 WERE 119 AND 118 RESPECTIVELY,
COMPARED WITH THE PREVIOUS MONTH, THE NEW C.P.1. (A) INCREASED BY TWO POINTS OR 1.7 PER CENT AND THE NEW C.P.I.(B) BY ONE POINT OR 0.9 PER CENT.
AS THE NEW SERIES OF CONSUMER PRICE INDEXES ONLY STARTS FROM OCTOBER 1980, THE YEAR-ON-YEAR RATE OF INCREASE (THE INCREASE WHEN THE INDEX FOR A PARTICULAR MONTH IS COMPARED WITH THAT FOR THE CORRESPONDING MONTH IN THE PREVIOUS YEAR) CAN ONLY BE COMPUTED ON THE BASIS OF THE OLD SERIES,
BASED ON THE OLD SERIES (JULY 73/JUNE 74-100), THE CONSUMER PRICE INDEX (A) AND THE CONSUMER PRICE INDEX (B) FOR JULY 1981 WERE 188 AND 186 RESPECTIVELY. COMPARED WITH JULY 1980, C.P.I.(A) INCREASED BY 25 POINTS OR 15.3 PER CENT AND C.P.1.(B) BY 24 POINTS OR 14.8 PER CENT. WHEN COMPARED WITH THE PREVIOUS MONTH, C.P.I.(A INCREASED BY FOUR POINTS OR 2.2 PER CENT AND C.P.I.(B) BY THREE POINTS OR 1.6 PER CENT.
THE NEW C.P.1. (A) AND NEW C.P.I.(B) ARE BASED ON THE EXPENDITURE PATTERNS OF 50 PER CENT AND 30 PER CENT RESPECTIVELY, OF URBAN HOUSEHOLDS IN HONG KONG, WHICH WERE DERIVED FROM THE 1979/80 HOUSEHOLD EXPENDITURE SURVEY. AT THAT TIME, THE NEW C.P.1. (A) REFERRED TO HOUSEHOLDS SPENDING BETWEEN $1 000 AND $3 499 A MONTH AND THE NEW C.P.I.(B) TO HOUSEHOLDS SPENDING BETWEEN $3 500 AND $6 499 A MONTH.
THE INDEXES FOR JULY 1981 IN RESPECT OF THE NINE COMPONENTS OF HOUSEHOLD EXPENDITURE DISTINGUISHED IN THE TWO NEW CONSUMER PRICE INDEXES ARE GIVEN BELOW, TOGETHER WITH THOSE FOR JUNE 1981.
(OCTOBER 1979 SEPTEMBER 1980 - 100)
NEW C.P.I.(A)
NEW C.P.I.(B)
JULY 81 JUNE 81 JULY 81 JUNE 81
COMPONENT
FOODSTUFFS
122
119
122
119
HOUSING
116
112
116
113
FUEL AND LIGHT
136
136
138
137
ALCOHOLIC DRINKS AND TOBACCO
112
111
112
111
(FOR HOME CONSUMPTION)
CLOTHING AND FOOTWEAR
115
115
115
115
DURABLE GOODS
108
108
109
109
MISCELLANEOUS GOODS
109
109
108
109
TRANSPORT AND VEHICLES
130
129
127
126
SERVICES
116
116
116
116
ALL ITEMS
119
117
118
117
THE INDEX
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