Introduction
CHAPTER 6: PRICES
6.1
(1)
as
The rate of inflation remained low in the third
quarter of 1986. Taking the Consumer Price Index (A)
an indicator, the year-on-year rate of increase was 2.6% in
the third quarter, about the same as in the previous two
quarters.
6.2
low when
The rate of increase in
compared with the rate
consumer prices was also
of increase in import
Kong economy, aggregate
impose undue pressure on
prices. This phenomenon may be explained by a number of
factors. First, within the Hong
demand has not been so strong as to
the aggregate supply of resources, and hence on the general
price level of locally produced goods and services. Second,
as about 43% of Hong Kong's imports of foodstuffs and about
44% of the imports of consumer goods in the first nine months
of 1986 were from China, the fall in the import prices of
Chinese goods in general, mainly due to the sharp devaluation
(1)
/of
There are three consumer price indices: Consumer Price Indices (A) and (B), and the Hang Seng Consumer Price Index. indices is as follows:
The basis for these
Approximate proportion of urban households covered
(%)
Monthly expenditure
range in 1979/80
($)
1,000 to 3,499
CPI (A) CPI (B)
Hang Seng CPI
0320
50
30
3,500 to 6,499
10
6,500 to 19,999
56
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