Prices of output
6.5
(4)
FC040/1616
The rate of increase in the prices of manufacturing
output, as measured by the unit value index of domestic
exports, decelerated throughout 1982, but the declining
trend
was reversed in the first quarter of 1983. Unit
value indexes
indexes of domestic exports available up to February 1983 show that there was no increase in domestic export prices during the six months ending February 1983; the decline of
about 4% during the four months ending December 1982 was
offset by an increase of about 4% during the first two months
of 1983. Given that many export orders are denominated in US
dollars, the recent increase in the unit value index of
domestic exports was probably a reflection of the depreciation
in the exchange value of the Hong Kong dollar, particularly in
terms of the
the US dollar, during this period. It was also in
line with the gradual rise in the import prices of raw materials and semi-manufactures.
Consumer prices
6.6
Comparing the first quarter of 1983 with the first
quarter of 1982, consumer prices, in terms of the Consumer
Price Index
Index (A), showed an increase
increase of 9%.
During the first
/three
(4)
Year-on-year rates of increase in the unit value indexes of domestic exports (%):
Year-on-year
rates of increase
Note:
(*)
1982
Q1
Q2
Q3
04
1983
Q1*
10
8
5 2
4
Estimated by using trade indexes available up to February 1983.
40
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