FRIDAY, FEBRUARY 28, 1992
"THE LEVY, WHICH AMOUNTS TO $9,600 FOR A TWO-YEAR CONTRACT, NON-REFUNDABLE AND WILL BE PAYABLE UPON THE ISSUE OF EMPLOYMENT VISA, HE ADDED.
AS ADDITIONAL FUNDS "THIS LUMP SUM PAYMENT WILL BE USED ENHANCING RETRAINING PROGRAMMES FOR LOCAL WORKERS," MR CHAN SAID.
IS
**
FOR
CONSUMER PRICE INDICES FOR JANUARY 1992
10.5%
BY
THE
WAS CONSUMER PRICE INDEX (A) IN JANUARY THIS YEAR HIGHER THAN IN JANUARY LAST YEAR, FIGURES RELEASED TODAY (FRIDAY) THE CENSUS AND STATISTICS DEPARTMENT SHOWED.
THE CPI(B) AND THE HANG SENG CPI WERE HIGHER BY 10.1% AND RESPECTIVELY.
9.9%
:
K. Y.
THAN
LAST
EMERGED
COMMENTING ON THE CPI(A), THE GOVERNMENT ECONOMIST, MR TANG, SAID THE YEAR-ON-YEAR RATE OF INCREASE WAS SLIGHTLY HIGHER IN DECEMBER, BUT WAS STILL BELOW THAT FOR THE FOURTH QUARTER OF
THE DOWNWARD TREND WHICH YEAR AS A WHOLE, CONSISTENT WITH AFTER APRIL LAST YEAR.
"CONSUMER PRICES IN JANUARY 1992 WERE AFFECTED BY THE TIMING OF TO THE LUNAR NEW YEAR, WHICH WAS ADVANCED FROM MID-FEBRUARY LAST YEAR EARLY FEBRUARY THIS YEAR. THE SEASONAL VARIATIONS IN CONSUMER OCCURRED EARLIER THAN IN THE PREVIOUS YEAR," HE SAID.
PRICES
MR TANG POINTED OUT THAT A COMPOSITE CPI WAS COMPILED BASED THE EXPENDITURE PATTERNS OF HOUSEHOLDS COVERED BY THE THREE CPIS.
ON
WHICH IS
INDICES, THE PRICE
"BECAUSE IT HAS A COVERAGE OF EXPENDITURE PATTERNS WIDER THAN ANY OF THOSE REPRESENTED BY THE INDIVIDUAL COMPOSITE INDEX IS MORE REPRESENTATIVE OF THE OVERALL CONSUMER TREND," HE SAID.
THE COMPOSITE CPI SHOWED AN INCREASE OF 10.2% IN JANUARY YEAR OVER THE SAME MONTH LAST YEAR.
THIS
STATISTICS INDICES
FOLLOWING IS A FULLER STATEMENT FROM THE CENSUS AND DEPARTMENT ANALYSING THE VARIOUS COMPONENTS OF CONSUMER PRICE FOR JANUARY 1992:
AND
WAS 10.5% THE CONSUMER PRICE INDEX (A) IN JANUARY THIS YEAR
SPOKESMAN FOR THE CENSUS HIGHER THAN IN JANUARY LAST YEAR, A STATISTICS DEPARTMENT SAID TODAY (FRIDAY).
THE CPI(B) AND THE HANG SENG CPI WERE HIGHER BY 10.1% AND RESPECTIVELY.
9.9%
/COMBINING THE
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