XN000022-1988-04-26 — Page 7

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TUESDAY, APRIL 26, 1988

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THE INDEX FOR ALCOHOLIC DRINKS AND TOBACCO (FOR CONSUMPTION) INCREASED BY 4.7 PER CENT IN CPI (A) AND BY 4.6 PER CENT IN CPI (B) DUE TO INCREASED DUTIES ON ALCOHOLIC DRINKS AND TOBACCO.

THE INDEX FOR DURABLE GOODS INCREASED BY 0.9 PER CENT IN CPI (A) AND BY 1.2 PER CENT IN CPI (B) AS A RESULT OF HIGHER PRICES OF FURNITURE, PERSONAL COMPUTERS, TRAVEL AND SPORTS GOODS.

THE INDEX FOR SERVICES DECREASED BY 0.5 PER CENT IN CPI (A) AND BY 0.7 PER CENT IN CPI (B) DUE TO LOWER CHARGES FOR HAIRDRESSING AND PACKAGE TOURS AFTER THE LUNAR NEW YEAR.

FIGURES HEREIN REFER TO CPI SERIES NOT SEASONALLY ADJUSTED UNLESS OTHERWISE SPECIFIED. ALL PERCENTAGE CHANGES ARE DERIVED FROM CPI FIGURES TAKEN TO MORE THAN ONE DECIMAL PLACE.

MORE DETAILS ARE GIVEN IN THE "CONSUMER PRICE INDEX REPORT" FOR MARCH 1988, WHICH CAN BE OBTAINED AT $3.50 PER COPY FROM THE GOVERNMENT PUBLICATIONS CENTRE, GENERAL POST OFFICE BUILDING, GROUND FLOOR, CONNAUGHT PLACE, HONG KONG.

IT CAN ALSO BE OBTAINED FROM THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WAN CHAI TOWER I, 12 HARBOUR ROAD, WAN CHAI, HONG KONG; OR FROM THE INFORMATION SERVICES DEPARTMENT, FRENCH MISSION BUILDING, 1 BATTERY PATH, HONG KONG FOR LOCAL AND OVERSEAS MAILINGS.

ENQUIRIES ABOUT THE INDEXES MAY BE MADE TO THE CONSUMER PRICE INDEX SECTION OF THE CENSUS AND STATISTICS DEPARTMENT ON 5-8235089.

THE HANG SENG CPI WAS 118.3 IN MARCH 1988, UP BY 0.8 PER CENT OVER FEBRUARY 1988 AND UP BY 7.8 PER CENT OVER MARCH 1987.

THE HANG SENG CPI IS BASED ON THE EXPENDITURE PATTERN OF THE 10 PER CENT OF URBAN HOUSEHOLDS IN HONG KONG THAT SPENT $10,000-24,999 A MONTH DURING THE 1984-85 HOUSEHOLD EXPENDITURE

SURVEY.

FURTHER DETAILS REGARDING THIS INDEX ARE INCLUDED IN THE HANG SENG CPI REPORT ISSUED BY THE ECONOMIC RESEARCH DEPARTMENT OF HANG SENG BANK LTD.

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