TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 117

CHAPTER 6 : PRICES

Introduction

6.1

The rate of inflation remained relatively stable

at about 9% in the third quarter of 1983. As indicated by

the Consumer Price Index (A) (1), the year-on-year rate

of increase in consumer prices averaged about 9.1% in the third quarter, compared with

with 9.4% for the first

first half of

the year.

6.2

There continued to

factors.

excessive

be several favourable

Locally, aggregate demand was not imposing

pressure on aggregate supply of domestic

(paragraph 1.8) and the underlying growth rate

of the money supply was moderate (paragraph 3.3).

Externally, the rate of inflation in Hong Kong's major

resources

/ trading

(1)

There are three consumer price indexes: Consumer Price Indexes (A) and (B), and the Hang Seng Consumer Price Index. The characteristics of the three indexes are as follows:

Approximate proportion of urban households

covered

Monthly expenditure range

in 1979/80

($)

(8)

CPI (A) CPI (B)

50

1,000 to 3,499

30

3,500 to 6,499

Hang Seng CPI

10

6,500 to 19,999

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