Clothing & footwear prices up in Oct Composite CPI
22 Nov '07
3 min read
The Census and Statistics Department (C&SD) released November 22 the Consumer Price Index (CPI) figures for October 2007. According to the Composite CPI, overall consumer prices rose by 3.2% in October 2007 over a year earlier.
The 3.2% year-on-year increase in October 2007 was larger than the 1.6% increase in the overall Composite CPI in September 2007. The year-on-year increase in the Composite CPI was 2.7% in September after netting out the effect of the Budget measure of rates concession for the first two quarters of 2007/08 (i.e. April to September 2007).
Analysed by sub-index, the year-on-year rates of increase in the CPI(A), CPI(B) and CPI(C) were 2.9%, 3.2% and 3.5% respectively in October 2007, which compared to 1.0%, 1.8% and 2.2% respectively in September. Netting out the effect of rates concession, the year-on-year increases in the CPI(A), CPI(B) and CPI(C) were 2.4%, 2.8% and 3.0% respectively in September.
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 October 2007, the average monthly rates of increase in the seasonally adjusted Composite CPI, CPI(A), CPI(B) and CPI(C) were all 0.6%. The corresponding rates of increase for the 3-month period ended September 2007 were 0.2%, 0.1%, 0.3% and 0.3%.
Apart from miscellaneous goods (2.6% in the Composite CPI and 2.8% in the CPI(A)); clothing and footwear (2.1% in the Composite CPI and 0.9% in the CPI(A)) and transport (0.6% in the Composite CPI and 0.3% in the CPI(A)).
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