CPI up 1.7%, minor change in clothing & footwear in Nov
30 Dec '05
3 min read
The Census and Statistics Department (C&SD) released today (December 22) the Consumer Price Index (CPI) figures for November 2005.
According to the Composite CPI, overall consumer prices rose by 1.7 percent in November 2005 over a year earlier, slightly smaller than the 1.8 percent increase in October.
2. The smaller year-on-year increase in the Composite CPI in November 2005 than in October 2005 was mainly attributable to moderated increases in the prices of some basic foodstuffs items and jewellery, as well as in the charges for package tours.
3. Analysed by sub-index and on a year-on-year comparison, the CPI(A), CPI(B) and CPI(C) rose by 1.5 percent, 1.8 percent and 1.7 percent respectively in November 2005, also smaller than the corresponding increases of 1.7 percent, 1.9 percent and 1.9 percent in October.
4. 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 November 2005, the average monthly rates of change in the seasonally adjusted Composite CPI, CPI(A), CPI(B) and CPI(C) were all 0.2 percent, same as those for the 3-month period ended October 2005.
5. Amongst the various CPI components, year-on-year increases in prices were recorded in November 2005 for clothing and footwear (0.6 percent in the Composite CPI and 0.8 percent in the CPI(A)).
6. On the other hand, year-on-year declines in prices were recorded in November 2005 for durable goods (-2.2 percent in both the Composite CPI and CPI(A)).
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