XN000022-1985-12-23 — Page 4

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HONDAI, DECEMBER 23, 1985

THE CPI(A) AND CPI(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. THE CP1(A) REFERS TO HOUSEHOLDS SPENDING BETWEEN $1 000 AND $3 499 A MONTH AT THAT TIME, AND THE CPI(B), BETWEEN $3 500 AND $6 499 A MONTH.

CHANGES IN THE INDEXES FOR NOVEMBER 1985 IN RESPECT OF THE NINE COMMODITY/SERVICE SECTIONS IN THE TWO CONSUMER PRICE INDEXES, AS COMPARED WITH OCTOBER 1985 AND NOVEMBER 1984, ARE GIVEN BELOW.

(OCTOBER 1979 TO SEPTEMBER 1980 AVERAGE - 100)

CPI(A)

CPI(B)

%

%

%

%

INDEX

CHANGE

CHANGE

INDEX

CHANGE

CHANGE

FOR

OVER

OVER

FOR

OVER

OVER

SECTION

NOV.85

OCT.85

NOV.84

NOV.85

OCT.85

NOV.84

FOODSTUFFS

154.5

-1.0

+0.5

155.7

-0.8

+0.7

HOUSING

156.9

+4.5

156.1

+0.0%

+3.9

FUEL AND LIGHT

145.5

-0.1

-1.0

145.7

-0.1

-0.7

ALCOHOLIC DRINKS

AND TOBACCO (FOR

234.2

-0.0% +12.3

224.7

-0.0% +11.7

HOME CONSUMPTION)

CLOTHING AND

174.7

+1.8

+6.1

178.0

+1.9

+7.0

FOOTWEAR

DURABLE GOODS

124.0

+1.0

-0.5

129.1

+0.9

+0.1

MISCELLANEOUS GOODS 151.9

+0.1

+0.7

149.7

+0.2

+1.5

TRANSPORT AND

184.6

+0.3

+7.0

185.3

+0.5

+5.9

VEHICLES

SERVICES

192.1

-0.2

+8.0

186.1

-0.2

+7.0

ALL ITEMS

160.7

-0.3

+2.9

161.5

-0.1

+3.2

* LESS THAN 0.05 PER CENT

COMPARED WITH OCTOBER 1985, THE INDEX FOR FOODSTUFFS DECREASED BY 1.0 PER CENT IN CPI(A) AND 0.8 PER CENT IN CPI(B). THIS WAS MAINLY DUE TO THE DECREASES IN THE AVERAGE RETAIL PRICES OF FRESH VEGETABLES, SALT-WATER FISH AND LIVE POULTRY, WHICH MORE THAN OFFSET THE INCREASE IN THE AVERAGE RETAIL PRICE OF FRESH FRUIT. THE EFFECT OF MOVEMENTS IN THE RETAIL PRICES OF OTHER FOOD ITEMS ON THE INDEX FOR FOODSTUFFS WAS INSIGNIFICANT.

THE INDEX