TNAG-1873-FCO40-2661-Relations-between-Hong-Kong-and-China-1989 — Page 153

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CONFIDENTIAL #2

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32

the retail level

(30)

implying that the mark-ups by

distributors in Hong Kong have increased significantly or

that there has been some under-invoicing of goods from China to evade exchange controls. Nevertheless, although the retail prices of goods from China increased at

slightly faster rate than those of other consumer goods,

the rate of increase was still well below the inflation

rate in China.

(30)

Year-on-year rate of increase in

Consumer price index

for Chinese goods

CPI (A)

*

(음)

( 8 )

Jan

3.7

6.3

Feb

8.0

6.9

Mar

7.8

7.1

Apr

7.3

7.4

May

8.4

7.1

Jun

6.2

6.5

Jul

13.4

8.0

Aug

10.4

7.7

Sept

9.9

8.8

Oct

8.2

7.6

Consumer Price Index (A) this covers about 50% of all urban households. Their monthly expenditure range was between HK$2,000 and HK$6,499 in 1984/85.

CONFIDENTIAL

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