TNAG-1267-FCO40-1616-Economic-situation-in-Hong-Kong-1983 — Page 54

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 9.4% for the first half of

the year.

6.2

factors.

There continued to be several favourable

Locally, aggregate demand was not imposing

excessive 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

(1)

/ trading

...

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

Approximate proportion of urban households

covered

Monthly expenditure range

in 1979/80

($)

(*)

CPI (A) CPI (B)

50

30

Hang Seng CPI

10

6,500 to 19,999

8890

1,000 to 3,499 3,500 to 6,499

The

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