XN000022-1991-07-26 — Page 4

FRIDAY, JULY 26, 1991

CPI(B) SERIES AS COMPILATION OF THE 1989/90-BASED CPI(A) AND ONLY BEGAN FROM OCTOBER 1990, REFERENCE HAS TO BE MADE TO THE 1984/85- BASED CPIS FOR YEAR-ON-YEAR COMPARISON OF PRICE MOVEMENTS.

ON A

YEAR-ON-YEAR COMPARISON, FASTER RATES

OF INCREASE IN DRINKS CPI(A) IN JUNE 1991 WERE RECORDED IN THE INDEXES FOR ALCOHOLIC

(14.4%), HOUSING AND TOBACCO FOR HOME CONSUMPTION (41.7%), SERVICES (13.6%), AND TRANSPORT AND VEHICLES (12.7%).

THE CORRESPONDING RATES OF INCREASE FOR THE SAME COMPONENTS CPI(B) WERE 39.4%, 13.2%, 12.7% AND 12.1% RESPECTIVELY.

IN

WEIGHTING IN

THE INDEX FOR FOODSTUFFS, WHICH HAS THE LARGEST THE INDEX, INCREASED BY 11.7% IN CPI(A) AND BY 12.0% IN CPI(B).

THESE FIVE COMPONENTS TOGETHER ACCOUNTED FOR 89% OF THE OVERALL INCREASE IN THE CPI(A) AND 87% OF THE INCREASE IN THE CPI(B),

HALF

CPI(A) AND AVERAGE FOR THE FIRST HALF OF 1991, THE AVERAGE CPI (B) INCREASED BY 12.5% AND 12.0% RESPECTIVELY OVER THE FIRST OF 1990.

FOR THE 12 MONTHS ENDING JUNE 1991, THE CPI(A) AND CPI(B) 11.4% AND 11.2% RESPECTIVELY HIGHER THAN IN THE 12 MONTHS ENDING 1990.

WERE JUNE

FOR JUNE 1991, THE 1984/85-BASED HANG SENG CPI WAS 10.9% HIGHER SENG THAN IN JUNE 1990. FOR THE 12 MONTHS ENDING JUNE 1991, THE HANG CPI WAS UP BY 11.7% COMPARED WITH THE 12 MONTHS ENDING JUNE 1990.

FOR CPI (B) CPI(A) THE 1989/90-BASED INCREASED BY 0.5% COMPARED WITH MAY 1991.

AND

JUNE 1991

BOTH

PROPORTION OF THE LARGEST FOR THE FOODSTUFFS ACCOUNTED

INCREASES INCREASES IN BOTH INDEXES. WITHIN THIS GROUP, SIGNIFICANT WERE RECORDED FOR THE PRICES OF FRESH VEGETABLES, LIVE SALT-WATER FISH AS A RESULT OF INCREASED DEMAND AROUND THE FESTIVAL, AND FOR THE AVERAGE CHARGES FOR MEALS IN OTHER EATING PLACES.

WHICH

POULTRY AND TUEN NG RESTAURANTS AND

HIGHER RENTS WERE

THIS WAS FOLLOWED BY HOUSING, IN RECORDED FOR SOME PRIVATE HOUSING UNITS, AND SERVICES, IN WHICH HIGHER CHARGES WERE RECORDED FOR MEDICAL CARE AND CINEMA ENTERTAINMENT.

ON THE OTHER HAND, THE PACKAGE OF GOVERNMENT MEASURES TO INFLATION HAD PROVIDED SOME OFFSETTING EFFECT ON THE INDEXES.

CURB

THE 1989/90-BASED HANG SENG CTI FOR JUNE 1991 INCREASED BY 0.4% COMPARED WITH MAY 1991.

RELEASE

SERIES

THE

THE CENSUS AND STATISTICS DEPARTMENT WILL CONTINUE TO THE 1984/85-BASED CPI(A) AND CPI(B) IN PARALLEL WITH THE NEW

1989/90-BASED CPI(A) AND CPI(B) UNTIL MARCH 1992, AFTER WHICH FORMER SERIES WILL BE DISCONTINUED.

OF

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