MONDAY, JULY 25, 1983
COMPARED WITH MAY, THE INDEX FOR FOODSTUFFS INCREASED BY THREE POINTS IN CPI(A) AND BY TWO POINTS IN CPI(B).
THE AVERAGE RETAIL PRICES OF FRESH VEGETABLES ROSE AS A RESULT OF AN INADEQUATE SUPPLY OF LOCALLY-GROWN FRESH VEGETABLES CAUSED BY THE HEAVY RAINSTORMS IN LATE MAY AND MID-JUNE.
THE AVERAGE RETAIL PRICES OF SALT-WATER FISH ALSO WENT UP, DUE TO REDUCED SUPPLY, AS SOME FISHERMEN STAYED AT HOME TO CELEBRATE THE DRAGON BOAT FESTIVAL.
INCREASES WERE ALSO RECORDED IN THE AVERAGE CHARGES FOR MEALS IN RESTAURANTS.
ON THE OTHER HAND THE AVERAGE RETAIL PRICES OF LIVE POULTRY, MAINLY CHICKEN, DECREASED AS A RESULT OF NEWS REPORTS ABOUT THE CARCINOGENIC EFFECT OF HORMONES IMPLANTED IN CHICKENS. THE EFFECT OF MOVEMENTS IN THE RETAIL PRICES OF OTHER FOOD ITEMS ON THE INDEX FOR FOODSTUFFS WAS INSIGNIFICANT.
THE INDEX FOR FUEL AND LIGHT INCREASED BY FOUR POINTS IN BOTH CPI(A) AND CPI(B) AS A RESULT OF HIGHER CHARGES FOR ELECTRICITY DUE TO FUEL COST ADJUSTMENT AND THE FULL IMPACT OF RISES IN THE PRICES OF KEROSENE AND LIQUEFIED PETROLEUM GAS.
THE TWO-POINT INCREASE IN THE INDEX FOR DURABLE GOODS IN BOTH CPI(A) AND CPI(B) WAS ATTRIBUTABLE TO HIGHER PRICES OF TELEVISION SETS, SOUND EQUIPMENT AND ELECTRICAL CONSUMER DURABLES.
THE INDEX FOR MISCELLANEOUS GOODS INCREASED BY ONE POINT IN BOTH CPI(A) AND CPI(B) OWING TO HIGHER PRICES OF MEDICINES, JEWELLERY, TOYS AND HOBBIES.
THE INDEX FOR TRANSPORT AND VEHICLES INCREASED BY ONE POINT IN BOTH CPI(A) AND CPI(B), REFLECTING THE FULL IMPACT OF RISES IN GASOLINE PRICES AND IN BUS AND MTR FARES.
HIGHER CHARGES FOR MEDICAL TREATMENT, PACKAGE TOURS AND HAIR-DRESSING CAUSED THE INDEX FOR SERVICES TO INCREASE BY ONE POINT IN BOTH CPI(A) AND CPI(B).
PRICE MOVEMENTS IN THE OTHER SECTIONS WERE INSIGNIFICANT.
DETAILS OF THESE PRICE MOVEMENTS ARE GIVEN IN THE +CONSUMER PRICE INDEX REPORT+ FOR JUNE 1983. BOTH ENGLISH AND CHINESE VERSIONS OF THIS REPORT ARE AVAILABLE AT $3 A COPY AT THE GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE BUILDING, GROUND FLOOR, CONNAUGHT PLACE, HONG KONG.
HONG KONG. FOR ENQUIRIES ABOUT THE CONSUMER PRICE INDEXES. PLEASE CONTACT THE CONSUMER PRICE INDEX SECTION OF THE CENSUS AND STATISTICS DEPARTMENT AT TELEPHONE NO. 3-7216512.
(FIGURES PRESENTED IN THIS PRESS RELEASE REFER TO CPI SERIES NOT SEASONALLY ADJUSTED UNLESS OTHERWISE SPECIFIED)
13
No comments yet.
Private notes are available after approval.