CONSUMER PRICE INDEX JANUARY / 2007 No.1

CONSUMER PRICE INDEX

JANUARY / 2007

No.1

Official Statistics. Reproduction of these data is allowed provided the source is quoted.

The Composite CPI reflects the impacts of price changes on the general population. The CPI-A relates to about 49% of households, which have an average monthly expenditure of MOP 3,000 to MOP 9,999, whereas the CPI-B relates to about 31% of households, which have an average monthly expenditure of MOP 10,000 to MOP 19,999.

The Composite CPI for January 2007 went down by 0.15% over December 2006 to 110.44. The decline was mainly caused by the decreases in the price indices of Housing & fuels; Communication; Recreation & culture; and Transport. However, the impacts were largely offset by the increase in the price index of Food & non-alcoholic beverages.

Compared with December 2006, the indices of Communication; Recreation & culture; Clothing & footwear; and Transport recorded notable decreases of 3.72%, 1.09%, 0.73% and 0.72% respectively, which were attributable to the waiving of mobile phone license fees for 2007, lower charges for outbound package tours after the Christmas holiday period, reduction sale of men’s and women’s clothing, as well as lower gasoline prices. In spite of higher rentals for housing, the price index of Housing & fuels went down by 0.66%, as a result of lower electricity charges due to the discount in fuel adjustment surcharge.

On the other hand, the indices of Food & non-alcoholic beverages and Household goods & furnishings increased by 0.97% and 0.52% respectively, on account of higher charges for meals bought away from home, dearer prices of eggs, fish and seafood, fruit, and household textiles.

As a consequence of the Chinese New Year that took place in January last year, the Composite CPI for January 2007 registered a lower year-on-year increase of 3.83%. For the 12 months ended January 2007, the average Composite CPI rose by 4.98% over the previous period.

In addition, the CPI-A and CPI-B for January 2007 were 111.60 and 110.14, down by 0.14% and 0.15%

respectively compared with December 2006.

TABLE 1 - CONSUMER PRICE INDEX FOR JANUARY 2007

7/2004 - 6/2005 = 100 Unit Composite CPI CPI-A CPI-B Index of the current month 110.44 111.60 110.14

Annual rate of change ended January 2007 % 4.98 5.59 4.78 Month-to-month rate of change % -0.15 -0.14 -0.15

Year-on-year rate of change % 3.83 4.33 3.74

CHART 1 - MONTHLY RATE OF CHANGE OF THE COMPOSITE CPI BY SECTION %

Overall index -0.15%

Communication -3.72 Recreation and culture -1.09 Clothing and footwear -0.73 Transport -0.72 Housing and fuels -0.66 Tobacco and alcoholic beverages -0.03

Food and non-alcoholic beverages 0.97 Household goods and furnishings 0.52

Health 0.21 Miscellaneous goods and services 0.10

CONSUMER PRICE INDEX JANUARY / 2007 DSEC No.1

TABLE 2 - TIME SERIES OF THE COMPOSITE CPI

7/2004 - 6/2005 = 100

Year/

Month

Overall index

Food and non- alcoholic beverages

Alcoholic beverages

and tobacco

Clothing and footwear

Housing and fuels

Household goods and furnishings

Health Transport Communi- cation

Recreation and culture

Education

Miscel- laneous

goods and services

1 2 3 4 5 6 7 8 9 10 11 12 13

Weight 100.00 29.05 1.04 4.70 21.81 2.95 3.07 7.05 4.74 5.97 11.12 8.51

2006

1 106.37 105.01 104.64 99.82 115.42 101.23 101.15 103.96 98.81 103.75 107.61 101.79 2 106.76 105.72 104.64 97.82 117.74 102.10 101.30 103.28 98.76 101.66 107.61 100.77 3 106.63 105.50 104.75 96.87 118.53 102.18 101.47 103.60 94.45 101.01 107.61 100.94 4 107.55 106.44 104.72 98.71 120.18 102.20 101.51 105.45 94.10 102.49 107.62 100.93 5 108.16 106.92 104.74 100.58 121.04 102.25 101.73 105.96 97.66 101.35 107.62 101.47 6 108.62 108.68 104.74 100.89 120.89 102.33 101.90 107.01 94.62 101.88 107.62 101.47 7 108.67 107.97 104.80 96.43 122.24 102.43 101.96 107.99 94.33 103.28 107.62 101.78 8 108.75 108.17 104.81 94.44 122.73 102.29 102.07 108.04 94.30 103.40 107.62 101.72 9 109.32 107.57 104.77 93.22 123.39 102.44 101.82 105.90 94.53 102.07 114.13 103.65 10 109.70 107.86 104.73 95.93 123.80 102.53 101.96 105.40 97.14 101.88 114.13 103.64 11 109.94 107.81 104.83 98.28 124.46 102.54 102.10 105.41 97.11 101.63 114.13 103.71 12 110.61 108.45 105.02 99.83 125.60 102.60 102.75 106.20 97.09 102.77 114.14 103.93

2007

1 110.44 109.50 104.99 99.10 124.78 103.14 102.97 105.43 93.48 101.65 114.14 104.04

TABLE 3 – CHANGES OF THE COMPOSITE CPI, CPI-A AND CPI-B AT SECTION LEVEL

%

Rates of change

Jan.-Jan. 2007/

Jan.-Jan. 2006 Jan. 2007/ Jan. 2006 Jan. 2007/ Dec. 2006

Contribution to monthly rate of change in

overall index Goods and services

Com- posite

CPI

CPI-A CPI-B Com- posite CPI

CPI-A CPI-B Com- posite CPI

CPI-A CPI-B Com- posite

CPI

CPI-A CPI-B

1 2 3 4 5 6 7 8 9 10 11 12 13

Overall index 3.83 4.33 3.74 3.83 4.33 3.74 -0.15 -0.14 -0.15 100.00 100.00 100.00 Food and non-alcoholic beverages 4.28 4.20 4.36 4.28 4.20 4.36 0.97 0.98 1.01 -179.94 -222.12 -200.59 Alcoholic beverages and tobacco 0.33 0.36 0.33 0.33 0.36 0.33 -0.03 -0.03 -0.02 0.20 0.23 0.16 Clothing and footwear -0.72 -1.16 -0.34 -0.72 -1.16 -0.34 -0.73 -1.06 -0.67 20.04 19.69 20.54 Housing and fuels 8.10 7.50 7.93 8.10 7.50 7.93 -0.66 -0.76 -0.74 106.25 156.48 115.18 Household goods and furnishings 1.88 2.24 2.10 1.88 2.24 2.10 0.52 0.92 0.64 -9.33 -8.02 -10.64 Health 1.80 1.97 1.99 1.80 1.97 1.99 0.21 0.24 0.22 -3.89 -4.27 -3.99 Transport 1.41 1.38 1.71 1.41 1.38 1.71 -0.72 -0.56 -0.74 31.84 18.27 31.56 Communication -5.39 -5.69 -5.65 -5.39 -5.69 -5.65 -3.72 -4.02 -3.98 100.65 127.32 115.12 Recreation and culture -2.03 -0.17 -2.42 -2.03 -0.17 -2.42 -1.09 -0.48 -1.08 39.32 14.09 39.02

Education 6.07 7.00 5.80 6.07 7.00 5.80 - - - - - -

Miscellaneous goods and services 2.21 2.52 2.30 2.21 2.52 2.30 0.10 0.05 0.11 -5.14 -1.67 -6.35 - Absolute value equals zero

o

Year/

Month

Overall index

Food and non- alcoholic beverages

Alcoholic beverages

and tobacco

Clothing and footwear

Housing and fuels

Household goods and furnishings

Health Transport Communi- cation

Recreation and culture

Education

Miscel- laneous goods

and services

1 2 3 4 5 6 7 8 9 10 11 12 13

Weight 100.00 32.83 1.34 2.93 26.07 1.33 2.76 4.82 5.12 4.41 12.88 5.50

2006

1 106.96 104.81 104.93 99.17 114.75 101.55 101.30 103.52 98.93 103.79 108.12 102.00 2 107.69 105.60 104.93 97.25 117.19 101.95 101.42 102.86 98.90 103.00 108.12 100.97 3 107.52 105.31 105.05 96.16 117.93 102.11 101.63 103.34 94.00 102.68 108.12 101.05 4 108.44 106.28 105.01 98.51 119.59 102.16 101.65 105.05 93.79 103.22 108.13 101.09 5 109.10 106.77 105.04 100.05 120.39 102.34 101.90 105.59 97.68 102.83 108.13 101.48 6 109.66 109.12 105.04 100.05 120.05 102.46 102.11 106.49 94.24 102.90 108.13 101.50 7 109.67 108.12 105.06 95.76 121.50 102.67 102.18 107.38 94.07 103.36 108.13 101.98 8 109.81 108.42 105.07 94.20 121.84 102.48 102.31 107.40 94.04 103.36 108.13 101.96 9 110.67 107.59 105.06 92.68 122.37 102.90 102.02 105.47 94.17 104.07 115.68 104.22 10 111.02 107.84 105.04 95.48 122.58 103.02 102.23 104.93 97.25 103.92 115.68 104.26 11 111.18 107.62 105.13 97.50 123.22 102.85 102.37 104.96 97.23 103.79 115.68 104.35 12 111.75 108.15 105.33 99.07 124.30 102.89 103.06 105.55 97.22 104.11 115.69 104.53

2007

1 111.60 109.21 105.30 98.02 123.36 103.83 103.30 104.95 93.31 103.61 115.69 104.57

TABLE 5 - TIME SERIES OF CPI-B

7/2004 - 6/2005 = 100

Year/

Month

Overall index

Food and non- alcoholic beverages

Alcoholic beverages

and tobacco

Clothing and footwear

Housing and fuels

Household goods and furnishings

Health Transport Communi- cation

Recreation and culture

Education

Miscel- laneous goods

and services

1 2 3 4 5 6 7 8 9 10 11 12 13

Weight 100.00 30.24 1.01 5.03 20.49 2.68 2.85 6.58 4.92 5.82 11.20 9.18

2006

1 106.17 105.11 104.74 99.63 115.28 101.30 101.30 104.66 98.51 104.03 106.71 101.91 2 106.52 105.81 104.74 97.48 117.60 102.06 101.45 104.14 98.45 101.95 106.71 100.83 3 106.41 105.63 104.83 96.60 118.39 102.17 101.59 104.65 94.63 101.24 106.71 101.00 4 107.32 106.57 104.80 98.24 120.08 102.20 101.64 106.76 94.28 102.59 106.72 101.00 5 107.91 107.04 104.83 99.98 120.87 102.26 101.83 107.46 97.46 101.46 106.72 101.61 6 108.32 108.50 104.82 100.29 120.73 102.38 102.02 108.55 94.75 101.89 106.72 101.59 7 108.36 107.93 104.88 95.93 122.12 102.50 102.09 109.55 94.46 103.15 106.72 101.87 8 108.42 108.07 104.89 94.12 122.60 102.36 102.23 109.60 94.42 103.33 106.72 101.81 9 109.00 107.56 104.85 93.08 123.24 102.57 102.04 107.20 94.64 101.99 112.91 103.86 10 109.37 107.88 104.82 95.84 123.58 102.67 102.22 106.59 96.85 101.76 112.91 103.85 11 109.63 107.89 104.92 98.45 124.22 102.71 102.40 106.63 96.82 101.49 112.91 103.93 12 110.30 108.60 105.11 99.97 125.36 102.77 103.09 107.24 96.80 102.62 112.91 104.14

2007

1 110.14 109.69 105.08 99.30 124.43 103.43 103.32 106.45 92.94 101.51 112.91 104.25

CONSUMER PRICE INDEX JANUARY / 2007 DSEC No.1

TABLE 6 - AVERAGE RETAIL PRICES OF SELECTED FOOD ITEMS

MOP

Average retail prices

2006 2007 Items Unit

January August September October November December January

1 2 3 4 5 6 7 8 9

Rice

Rice – Thailand (pre-packaged,

ordinary) kg 6.01 6.13 6.13 6.27 6.40 6.42 6.42

Fresh beef

Beef kg 39.20 40.05 40.85 40.61 40.24 40.85 40.90

Shin beef kg 38.72 40.61 40.73 40.50 41.18 41.09 41.37 Fresh pork

Lean meat kg 34.95 34.24 34.18 33.74 34.14 34.30 34.14 Pork chop kg 35.89 35.09 34.77 33.83 33.29 33.65 34.05 Live poultry

Chicken kg 26.56 26.45 26.45 26.45 26.45 26.74 26.78 Fresh salt-water fish

Golden thread kg 33.65 33.60 35.10 32.43 34.74 36.16 38.05 Pomfret kg 64.41 72.89 72.86 66.73 61.68 71.28 62.39

Sole kg 64.38 82.62 74.17 72.42 65.58 55.81 62.34

Fresh fresh-water fish

Grass carp kg 21.15 20.68 20.60 20.69 20.47 19.87 19.99 Head of “Tai U” kg 37.96 35.95 36.70 37.78 37.73 36.94 36.80 Fresh-water perch kg 52.74 45.42 46.85 45.98 45.21 55.01 55.53 Egg

Hen egg each 0.70 0.72 0.73 0.76 0.74 0.70 0.85

Fruit

Orange each 3.01 3.24 3.20 3.25 2.93 2.93 3.08

Banana kg 6.76 6.82 6.66 6.67 6.67 6.67 6.67

Apple each 2.56 3.26 3.35 3.46 3.14 2.85 2.82

Vegetable

Chinese cabbage kg 6.57 10.18 8.91 8.13 7.76 7.22 6.89 Choy sum kg 8.63 14.16 10.78 11.14 10.31 9.66 9.53 Chinese lettuce kg 6.15 10.66 9.23 8.10 7.29 7.27 6.33 Hairy gourd kg 7.67 7.99 7.03 7.54 7.27 8.20 7.88

Tomato kg 7.64 7.79 7.99 8.75 8.55 8.30 7.99

Carrot kg 7.00 8.70 8.33 8.55 8.22 8.48 8.81

a. No imports were recorded during the period

-1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00

January 2006 March May July September November January 2007

% Month-to-month rate of change Year-on-year rate of change

CHART 3 - MOVEMENTS OF CPI-A

-1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00

January 2006 March May July September November January 2007

% Month-to-month rate of change Year-on-year rate of change

CHART 4 - MOVEMENTS OF CPI-B

-1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00

January 2006 March May July September November January 2007

% Month-to-month rate of change Year-on-year rate of change

CONSUMER PRICE INDEX JANUARY / 2007 DSEC No.1

The following statistical tables can be downloaded from our website

1G - Time series of the Composite CPI at section level 1A - Time series of CPI-A at section level

1B - Time series of CPI-B at section level

2G - Month-to-month rate of change of the Composite CPI at section level 2A - Month-to-month rate of change of CPI-A at section level

2B - Month-to-month rate of change of CPI-B at section level

3G - Year-on-year rate of change of the Composite CPI at section level 3A - Year-on-year rate of change of CPI-A at section level

3B - Year-on-year rate of change of CPI-B at section level

4G - Annual rate of change of the average Composite CPI at section level 4A - Annual rate of change of the average CPI-A at section level

4B - Annual rate of change of the average CPI-B at section level 5G - Movements of the Composite CPI at section level

5A - Movements of CPI-A at section level 5B - Movements of CPI-B at section level

6G - Index and rate of change of the Composite CPI at section, class, group and principal subgroup levels

6A - Index and rate of change of CPI-A at section, class, group and principal subgroup levels

6B - Index and rate of change of CPI-B at section, class, group and principal subgroup levels

7 - Average retail prices of selected food items