XN000022-1988-09-23 — Page 8

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FRIDAY, SEPTEMBER 23, 1988

THIS WAS MAINLY DUE TO INCREASES IN THE AVERAGE RETAIL PRICES OF FRESH VEGETABLES, PORK AND LIVE POULTRY AND IN THE AVERAGE FOR MEALS IN RESTAURANTS AND OTHER EATING PLACES.

THE INDEX FOR FUEL AND LIGHT DECREASED BY 0.9 PER CPI(A) AND BY 0.8 PER CENT IN CPI(B) DUE TO LOWER PRICES OF AND THE DOWNWARD FUEL COST ADJUSTMENT FOR TOWNGAS.

CHARGE

CENT IN KEROSENE

THE INDEX FOR CLOTHING AND FOOTWEAR DECREASED BY 2.2 PER CENT IN CPI(A) AND BY 2.4 PER CENT IN CPI (B) AS A RESULT OF LOWER PRICES OF OUTER CLOTHING.

THE INDEX FOR SERVICES INCREASED BY 0.4 PER CENT IN CPI(A) AND 0.6 PER CENT IN CPI(B) BECAUSE OF HIGHER CHARGES FOR MEDICAL TREATMENT AND PACKAGE TOURS.

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 AUGUST 1988, WHICH IS AVAILABLE AT $3.50 PER COPY FROM THE GOVERNMENT PUBLICATIONS CENTRE, GPO BUILDING, GROUND FLOOR, CONNAUGHT PLACE, HONG KONG.

IT IS ALSO AVAILABLE FROM THE CENSUS AND STATISTICS DEPARTMENT, 19TH FLOOR, WANCHAI 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.

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

PRICE

THE HANG SENG CP1 WAS 123.5 IN AUGUST 1988, UP BY 0.9 PER CENT OVER JULY 1988 AND UP BY 9.2 PER CENT OVER AUGUST 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 RANG SENG BANK LTD.

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