Interviews
Consumer price inflation goes up in January
22 Feb '08
3 min read
However, it should be noted that these rates of change were affected by the rates concession implemented only in some months (implemented in September 2007 and January 2008 but not in the months of October, November and December 2007).
Netting out the effect of the rates concession, the corresponding average monthly rates of increase in the Composite CPI, CPI(A), CPI(B) and CPI(C) for the 3-month period from November 2007 to January 2008 were 0.5%, 0.6%, 0.5% and 0.5% respectively and for the 3-month period from October to December 2007 were all 0.5%.
Year-on-year increases in prices were recorded for miscellaneous goods (4.1% in the Composite CPI and 4.7% in the CPI(A)); clothing and footwear (1.2% and 1.6% respectively).
On the other hand, year-on-year declines in prices were recorded in January 2008 for durable goods (-3.4% in the Composite CPI and -3.5% in the CPI(A)).
For the 3 months ended January 2008, the Composite CPI rose by 3.5% over a year earlier, while the CPI(A), CPI(B) and CPI(C) rose by 3.1%, 3.6% and 3.7% respectively.
For the 12 months ended January 2008, the Composite CPI was on average 2.1% higher than in the preceding 12-month period. The respective increases in the CPI(A), CPI(B) and CPI(C) were 1.4%, 2.3% and 2.8%.
Netting out the effect of the one-off measures of the public housing rental waiver in February 2007 as well as the rates concession in April to September 2007 and January 2008, the Composite CPI, CPI(A), CPI(B) and CPI(C) rose by 3.0%, 2.6%, 3.0% and 3.3% respectively in the 12 months ended January 2008 over the preceding 12-month period.
Netting out the effect of the rates concession, the corresponding average monthly rates of increase in the Composite CPI, CPI(A), CPI(B) and CPI(C) for the 3-month period from November 2007 to January 2008 were 0.5%, 0.6%, 0.5% and 0.5% respectively and for the 3-month period from October to December 2007 were all 0.5%.
Year-on-year increases in prices were recorded for miscellaneous goods (4.1% in the Composite CPI and 4.7% in the CPI(A)); clothing and footwear (1.2% and 1.6% respectively).
On the other hand, year-on-year declines in prices were recorded in January 2008 for durable goods (-3.4% in the Composite CPI and -3.5% in the CPI(A)).
For the 3 months ended January 2008, the Composite CPI rose by 3.5% over a year earlier, while the CPI(A), CPI(B) and CPI(C) rose by 3.1%, 3.6% and 3.7% respectively.
For the 12 months ended January 2008, the Composite CPI was on average 2.1% higher than in the preceding 12-month period. The respective increases in the CPI(A), CPI(B) and CPI(C) were 1.4%, 2.3% and 2.8%.
Netting out the effect of the one-off measures of the public housing rental waiver in February 2007 as well as the rates concession in April to September 2007 and January 2008, the Composite CPI, CPI(A), CPI(B) and CPI(C) rose by 3.0%, 2.6%, 3.0% and 3.3% respectively in the 12 months ended January 2008 over the preceding 12-month period.
Census and Statistics Department
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