Table 1
Consumer Price Indices and Rates of Increase for May 1996
(Oct. 89 Sep. 90 = 100)
CPI(A)
CPI (8)
Hang Seng CPI
Index
% change
for
Component
May 96
over May 95
Index
for
% change
Index
* change
Index
Composite CPI
change
over
for
over
for
over
Mav 96
May 95
May 96
May 95
May 96
May 95
Food
157.0
+5.1
158.8
+1.9
159.5
+3.4
158.2
+4.7
Meals bought
168.7
+4.4
167.7
+1.2
166.1
+2.2
167.7
+3.9
away from home
Food, excluding
145.3
meals bought
away from home
Housing
200.6
+6.0
+9.8
146.5
+5.9
148.3
+5.7
146.2
+5.9
200.4
+11.5
216.1
+12.4
208.4
+11.3
Fuel and light
141.1
+4.7
140.7
+4.7
139.1
+4.6
140.6
+1.7
Alcoholic drinks
207.9
+1.8
196.3
+1.7
190.4
+4.4
201.4
+1.7
and tobacco
Clothing and
166.5
+8.7
170.7
+9.3
185.0
+7.3
174.5
+8.4
footwear
Durable goods
118.9
+1.3
119.2
+1.8
126.5
+2.6
121.2
+1.9
Miscellaneous
138.1
-2.3
137.3
+0.3
-137.9
+1.9
137.7
-0.3
goods
Transport
169.5
+5.3
168.3
+6.4
165.5
+5.9
167.9
+5.2
Miscellanecus
188.6
+9.1
180.2
+8.4
364.4
+6.5
178.0
+8.1
services
All items
168.2
+6.4
171.4
+7.2
176.3
+7.4
171.5
+6.9
Monthly consumer price indices are compiled on the basis of (a) expenditure patterns of relevant households and (b) prices collected currently in the month. The expenditure patterns underlying the 1989/90-based consumer price indices are based on these patterns derived from the 1989/90 Household Expenditure Survey. The CPI(A) is based on the expenditure pattern of about 50% of households in Hong Kong, which had an average monthly expenditure of $2,500-$9,999 in 1989/90 (equivalent to $4,000-$15,999 in 1994/95). The CPI(B) is based on the expenditure pattern of the next 30% of households, which had an average monthly expenditure of $10,000-$17,499 in 1989/90 (equivalent to $16,000-$29,999 in 1994/95). The Hang Seng CPI is based on the expenditure pattern of the next 10% of households, which had an average monthly expenditure of $17,500-$37,499 in 1989/90 (equivalent to $30,000-$59,999 in 1994/95).
Whereas the CPI(A), CPI(B) and Hang Seng CPI are based on the expenditure patterns of groups of households with different magnitudes of household expenditure, the Composite CPI is compiled based on the expenditure pattern of all these households taken together. Thus, while the CPI(A), CPI (B) and Hang Seng CPI show the impact of consumer price changes on different groups of households, the Composite CPI shows the impact of consumer price changes on the household sector generally.
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