Clothing & footwear prices rise in Dec CPI

23 Jan '07

3 min read

The Census and Statistics Department (C&SD) released on January 22 the Consumer Price Index (CPI) figures for December 2006. According to the Composite CPI, overall consumer prices rose by 2.3% in December 2006 over a year earlier, larger than the 2.2% increase in November 2006.

Analysed by sub-index and on a year-on-year comparison, the CPI(A), CPI(B) and CPI(C) rose by 1.9%, 2.3% and 2.7% respectively in December 2006, also larger than the corresponding increases of 1.8%, 2.2% and 2.6% in November 2006.

For discerning the latest trend in consumer prices, it is also useful to look at the changes in the seasonally adjusted CPIs. For the 3-month period ended December 2006, the average monthly rates of increase in the seasonally adjusted Composite CPI, CPI(A), CPI(B) and CPI(C) were all 0.2%. The corresponding rates of change for the 3-month period ended November 2006 were 0.1%, virtually nil, 0.1% and 0.2% respectively.

Amongst the various CPI components, year-on-year increases in prices were recorded in December 2006 for clothing and footwear (6.4% in the Composite CPI and 6.3% in the CPI(A)).

• The index for clothing and footwear in the Composite CPI was 108.4.
• The year-on-year rate of change in the index for clothing and footwear in the Composite CPI was +6.4%.
• The index for clothing and footwear in the CPI(A) was 107.8.
• The year-on-year rate of change in the index for clothing and footwear in the CPI(A) was +6.3%.

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