Clothing & footwear prices rise in Dec CPI

23 Jan '07

3 min read

• The index for clothing and footwear in the CPI(B) was 107.7.
• The year-on-year rate of change in the index for clothing and footwear in the CPI(B) was +6.2%.
• The index for clothing and footwear in the CPI(C) was 109.8.
• The year-on-year rate of change in the index for clothing and footwear in the CPI(C) was +6.7%.

In the fourth quarter of 2006, the Composite CPI rose by 2.1% over a year earlier, while the CPI(A), CPI(B) and CPI(C) rose by 1.8%, 2.2% and 2.5% respectively.

For 2006 as a whole, the Composite CPI was on average 2.0% higher than in the preceding 12 month period. The respective increases in the CPI(A), CPI(B) and CPI(C) were 1.7%, 2.1% and 2.2%.

The spokesman added further that the current inflation rate is still moderate and likely to stay so in the coming months, benefiting from the continued productivity increase in Hong Kong and the recent fall in oil prices. However, the impact of the weakening of the Hong Kong dollar along with the US dollar and the gradual appreciation of the renminbi on imported inflation, though rather modest up till now, is an area to watch out.

Census and Statistics Department, Hong Kong

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