XN000022-1991-09-26 — Page 6

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THURSDAY, SELTEMPER 26, 1991

VOLATILE

THE PRICES OF FRESH FOODSTUFFS WERE PARTICULARLY RECENT MONTHS. THE INCREASE IN THE PRICES OF PORK AND BEEF THE EFFRCT OF THE FLOODING IN CHINA.

IN

REFLECTED

AUGUST

THE PRICE OF VEGETABLES SHOWED CONSIDERABLE INCREASE IN

BECAUSE VEGETABLES WERE 1991 ON A YEAR-ON-YEAR COMPARISON, PARTLY

THE TYPHOON RELATIVELY CHEAP IN AUGUST LAST YEAR AND PARTLY BECAUSE LED TO HIGHER VEGETABLE PRICES IN AUGUST THIS YEAR.

LOCALLY,

CHARGES FOR

MEALS

AT

RESTAURANTS

CONTINUED

TO

INCREASE.

ON

THE

HOUSING COMPONENT, HIGHER RENT WAS RECORDED PRIVATE HOUSING UNITS.

FOR SOMB

IN

ON THE SERVICES COMPONENT, HIGHER CHARGES WERE RECORDED SCHOOL FEES, MEDICAL SERVICES AND PACKAGE TOURS.

MAINLY

MOREOVER, THE RELATIVELY FASTER RATES OF INCREASE IN CPI(A) AND CPI(B) IN AUGUST 1991 WERE DUE IN PART TO THE LOW BASE OF COMPARISON IN AUGUST 1990 IN WHICH THE LOWEST MONTH-TO-MONTH INCREASE IN 1990 WAS RECORDED.

AS

THE

AND CPI (A)

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

TOBACCO (13.4%),

OF ON

INCREASE IN A

COMPARISON, FASTER RATES YEAR-ON-YEAR CPI(A) IN AUGUST 1991 WERE RECORDED FOR ALCOHOLIC DRINKS AND

HOUSING (14.9%), FOR

CONSUMPTION (42.1%), SERVICES HOME FOODSTUFFS (12.8%) AND TRANSPORT AND VEHICLES (12.7%).

·

THE CORRESPONDING RATES OF INCREASE FOR THE SAME COMPONENTS CPI(B) WERE 39.9%, 13.8%, 12.7%, 12.8% AND 12.0% RESPECTIVELY.

IN

THESE FIVE COMPONENTS TOGETHER ACCOUNTED FOR 91% OF THE OVERALL INCREASE IN THE CPI(A) AND 89% OF THE INCREASE IN THE CPI(B).

THE AVERAGE CPI(A) FOR THE PERIOD OF JANUARY TO AUGUST 1991, AND AVERAGE CPI(B) INCREASED BY 12.6% AND 12.0% RESPECTIVELY OVER CORRESPONDING PERIOD OF 1990.

THE

AND CPI(B)

ENDING

FOR THE 12 MONTHS ENDING AUGUST 1991, THE CPI(A) WERE 11.9% AND 11.6% RESPECTIVELY HIGHER THAN IN THE 12 MONTHS AUGUST 1990.

FOR AUGUST 1991, THE 1984/85-BASED HANG SENG HIGHER THAN IN AUGUST 1990.

CPI WAS 10.9%

FOR THE PERIOD OF JANUARY TO AUGUST 1991, THE AVERAGE HANG SENG CPI INCRBASED BY 11.6% OVER THE CORRESPONDING PERIOD OF 1990.

FOR THE 12 MONTHS ENDING AUGUST 1991, THE HANG SENG CPI WAS BY 11.6% COMPARED WITH THE 12 MONTHS ENDING AUGUST 1990.

UP

/1989/90