three months of this year,
the
Index increased by 5 points or
3.7%. The seasonally adjusted Consumer
Consumer Price
Price Index (A) during
the three months ending March 1983 rose on average by 0.8% each
month. The equivalent increases recorded for the Consumer Price
Index (B) and the Hang Seng
Seng Consumer Price Index, seasonally
adjusted, were both 0.7%. Price movements of the Consumer Price
Indexes (A) and (B) and the Hang Seng Consumer Price Index followed similar trends, as indicated in the following table:
Consumer price indexes
(October 1979 to September 1980 average = 100)
Year-on-
year rate
Year-on- year rate
Hang Year-on-
CPI (A) of increase CPI (B) of increase
Seng year rate
CPI of increase
(*)
(*)
(*)
1982 Oct
134
8.1
134
8.9
134
9.8
Nov
134
8.1
134
8.9
136
11.5
Dec
135
9.8
135
9.8
136
11.5
1983 Jan 135
8.0
135
8.0
136
9.7
Feb
138
8.7
138
9.5
138
10.4
Mar
140
10.2
139
10.3
140
11.1
6.7
Among all the components of goods and services in the
various Consumer Price Indexes, alcoholic drinks and tobacco,
foodstuffs and services recorded the most rapid rates of price increase during the first quarter of 1983. Taking the Consumer
Price Index (A) as an example, prices
of these components
increased by 50%, 4% and 4% respectively during the first quarter. These three components together accounted for 87% of the overall increase in the Consumer Price Index (A), of which
49% were contributed by the foodstuffs component by virtue of its
41
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