TNAG-1483-FCO40-2037-Economic-situation-in-Hong-Kong-1986 — Page 250

6.5

The following table compares the rates of increase import prices of the five major end-use categories of imports during the six months ending May 1986 with

in import

the

previous six-month period:

Rates of increase in unit value indices of imports (%)

May 1985

to November 1985

November 1985

to May 1986

Foodstuffs

- 2

2

Consumer goods

4

7

Fuels

- 5

-34

Raw materials and

- 2

LO

5

semi-manufactures

Capital goods

All imports

8

9

1

4

Import prices of capital goods and of consumer goods recorded significant increases during the six months ending November 1985, as well as during the six months ending May 1986. Import prices of major end-use categories, except fuels, also increased during the six months ending May 1986. The decrease in the import prices of fuels was substantial during the same period.

Prices of factors of production

6.6

The land

first half of 1986.

of the extent to

available due to

market remained reasonably strong in the

Although a reliable quantitative measure

which land prices have changed is not

the difficulty in comparing sites at

different locations and with different sales conditions, the

response to the Crown land auctions in the first half of this year indicated that land prices remained fairly firm.

56

/6.7