XN000022-1987-12-23 — Page 4

3

WEDNESDAY, DECEMBER 23, 1987

MR

RECEIVED BY THE DEPUTY CHAIRMAN OF CENTRAL TEXTILES,

ALEX WOO, SIR DAVID WAS TAKEN TO SEE THE FACTORY'S SPINNING AND WEAVING OPERATIONS.

HE NEXT VISITED FANG BROTHERS KNITTING LIMITED IN KWAI CHUNG WHERE THEY MET THE COMPANY'S MANAGING DIRECTOR, MR KENNETH FANG.

SIR DAVID TOURED THE KNITWEAR FACTORY AND WAS SHOWN THE DEMONSTRATION OF COMPUTER-AIDED DESIGN AND COMPUTER-AIDED MANUFACTURE FACILITIES FOR THE PRODUCTION OF KNITWEARS.

-

NOVEMBER CONSUMER PRICE INDEXES PUBLISHED * * * * *

(WEDNESDAY) THE CPI(A) 1987 WERE

THE CENSUS AND STATISTICS DEPARTMENT TODAY PUBLISHED THE CONSUMER PRICE INDEXES FOR NOVEMBER 1987. AND CPI(B) (OCTOBER 84/SEPTEMBER 85 = 100) FOR NOVEMBER 111.6 AND 111.8 RESPECTIVELY, REPRESENTING INCREASES OF 6.2 PER CENT AND 6 PER CENT RESPECTIVELY OVER NOVEMBER 1986.

COMPARED WITH OCTOBER 1987 AND BEARING IN MIND THAT THIS COMPARISON MAY BE AFFECTED BY SEASONAL FACTORS, THE CPI(A) SHOWED

LITTLE CHANGE AND THE CPI(B) INCREASED BY 0.2 PER CENT.

THE AVERAGE CPI(A) AND AVERAGE CPI (B) FOR THE 12 MONTHS ENDED NOVEMBER 1987, AT 108.7 AND 108.9 RESPECTIVELY, WERE 5.2 PER CENT AND 5 PER CENT RESPECTIVELY HIGHER THAN THE AVERAGE FOR THE 12 MONTHS ENDED NOVEMBER 1986.

DURING THE THREE-MONTH PERIOD ENDED NOVEMBER 1987, THE SEASONALLY ADJUSTED CPI(A) AND CPI(B) BOTH INCREASED AT AN AVERAGE RATE OF 0.5 PER CENT PER MONTH.

DURING NOVEMBER, RETAIL PRICES OF FRESH FRUIT, CLOTHING AND FOOTWEAR AND CHARGES FOR MEALS IN RESTAURANTS AND OTHER EATING PLACES INCREASED. ON THE OTHER HAND, RETAIL PRICES OF FRESH VEGETABLES AND LIVE POULTRY DECREASED.

THE CPI(A) AND THE 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 1984-85 HOUSEHOLD EXPENDITURE SURVEY. THE CPI (A) REFERS TO HOUSEHOLDS SPENDING BETWEEN $2,000 AND $6,499 A MONTH AT THAT TIME AND THE CPI(B) BETWEEN $6,500 AND $9,999 A MONTH.

/CHANGES IN