CONSUMER PRICE INDEX
AUGUST / 2008
No.8
Official Statistics. Reproduction of these data is allowed provided the source is quoted.
Statistics and Census Service
17th floor, “Dynasty Plaza” Bldg., 411-417 Alameda Dr. Carlos d’Assumpção, Macao Tel: 8399 5311 Fax: 2830 7825 Printed in September 2008
E-mail: info@dsec.gov.mo Website: www.dsec.gov.mo
The Composite CPI for August 2008 rose by 8.70% year-on-year to 125.79, of which the price indices of Food & non-alcoholic beverages, Health and Clothing & footwear soared by 18.37%, 14.36% and 9.86% respectively.
Among the subgroups of Food & non-alcoholic beverages, notable increase was observed in the prices of rice (+74.88%), canned meat (+66.97%), fresh beef (+59.22%), edible oil (+53.73%), fresh water fish (+38.63%), noodles (+35.09%), chilled or frozen pork (+30.37%), fresh pork (+27.63%), salt-water fish (+25.57%) and meals bought away from home (+15.04%).
For the subgroups of Health and Clothing & footwear, charges for medical consultation service (+25.43%), clothing materials (+30.30%) and garments for women (+13.71%) registered marked increase.
Despite significant increase in the price index of air passenger transport (+16.97%), the index of Transport registered a slow down in year-on-year growth from +12.70% in July to +8.88%, owing to the exemption of consumption tax on automotive fuels and lubricants, as well as lower gasoline prices following the price drop of petroleum in international market.
Notwithstanding the increase in the price indices of LP Gas (+24.00%), charges for maintenance
& repair services of dwelling (+17.81%) and rentals for housing (+14.89%), the year-on-year increment of the index of Housing & fuels was similar to that of last month, at 6.8%, benefiting from the electricity subsidy provided by the Government.
On the other hand, the price indices of Education and Communication decreased by 5.83%
and 5.04% respectively year-on-year due to higher government subsidies to students studying in schools that did not join the free education network and lower charges of mobile phone service.
The CPI-A and CPI-B for August 2008 were 127.95 and 125.10, up by 8.99% and 8.57%
respectively year-on-year.
1 – CONSUMER PRICE INDEX FOR AUGUST 2008
7/2004 - 6/2005 = 100
Unit Composite CPI CPI-A CPI-B
Index for the current month 125.79 127.95 125.10
Year-on-year rate of change % 8.70 8.99 8.57
Annual rate of change ended August 2008 % 8.17 8.48 8.08
Month-to-month rate of change % 0.02 0.04 -0.02
1
CONSUMER PRICE INDEX AUGUST / 2008 DSEC No.8
The Composite CPI for August 2008 edged up by 0.02% month-to-month, with the price indices of Recreation & culture and Housing & fuels rising by 1.69% and 0.95% respectively, on account of higher charges for outbound package tours during Summer Holiday and rising rentals for housing. On the contrary, the index of Transport recorded a 3.73% decrease, as a result of the exemption of consumption tax on automotive fuels and lubricants. Meanwhile, the CPI-A increased by 0.04% whereas the CPI-B decreased by 0.02% over the preceding month.
The average Composite CPI for January to August went up by 8.99% over the same period of 2007. For the 12 months ended August 2008, the Composite CPI rose by 8.17% over the preceding period.
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 MOP3,000 to MOP9,999. The CPI-B relates to about 31% of households, which have an average monthly expenditure of MOP10,000 to MOP19,999.
2 – CHANGES OF THE COMPOSITE CPI, CPI-A AND CPI-B AT SECTION LEVEL
%
Rates of change
Aug. 2008/ Aug. 2007 Jan.-Aug. 2008/
Jan.-Aug. 2007 Aug. 2008/ Jul. 2008
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 8.70 8.99 8.57 8.99 9.35 8.86 0.02 0.04 -0.02 100.00 100.00 100.00 Food and non-alcoholic beverages 18.37 19.72 17.78 17.76 19.13 17.20 -0.15 -0.36 -0.06 -303.91 -362.82 99.89 Alcoholic beverages and tobacco 2.31 1.77 2.17 1.68 1.34 1.58 0.29 0.35 0.30 16.19 10.92 -13.32 Clothing and footwear 9.86 9.97 9.20 6.43 6.77 5.92 -1.22 -0.79 -1.06 -314.77 -53.78 235.55 Housing and fuels 6.80 6.08 6.19 9.84 8.95 9.33 0.95 1.01 0.92 1,491.35 784.13 -1,079.89 Household goods and furnishings 2.94 6.12 3.73 2.49 4.99 3.10 0.32 0.62 0.39 50.77 19.60 -45.66
Health 14.36 15.78 13.40 13.85 15.37 12.88 0.33 0.35 0.33 60.94 25.57 -45.86 Transport 8.88 8.06 9.64 10.65 9.89 11.99 -3.73 -3.83 -4.58 -1,627.42 -478.23 1,545.22
Communication -5.04 -3.96 -5.67 -7.08 -6.43 -7.39 -0.01 0# -0.01 -1.38 -0.47 1.33 Recreation and culture 7.92 5.70 7.77 6.88 5.29 6.57 1.69 1.01 1.76 569.34 105.53 -461.96
Education -5.83 -6.23 -5.25 -5.84 -6.23 -5.25 - - - -
Miscellaneous goods and services 5.80 5.95 6.12 5.58 5.62 5.83 0.33 0.38 0.32 158.90 49.54 -135.30 - Absolute value equals zero
0# Magnitude less than half of the unit employed
3 – 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
2007
8 115.72 117.92 105.78 98.21 135.08 104.62 105.39 108.70 91.63 105.33 114.15 105.61 9 115.82 119.48 105.91 97.27 136.39 104.38 105.63 108.59 93.42 104.24 107.47 107.15 10 116.49 119.69 106.04 100.40 137.55 104.67 105.90 110.12 93.41 105.11 107.47 107.54 11 117.34 120.43 106.07 102.30 139.47 104.88 106.21 112.31 91.55 105.35 107.47 107.96 12 118.49 121.65 106.02 102.19 141.03 105.06 106.74 114.02 93.40 108.81 107.47 108.20
2008
1 119.61 125.29 106.01 99.26 142.57 105.33 115.87 114.45 85.48 106.93 107.47 108.62 2 122.64 131.22 106.10 97.26 145.41 105.54 116.70 115.48 85.45 113.38 107.48 112.04 3 122.53 130.77 106.49 98.90 145.80 105.88 117.34 116.34 87.07 110.33 107.48 110.54 4 122.39 133.83 106.99 104.87 138.99 106.36 118.02 118.07 87.03 110.20 107.48 110.78 5 123.35 134.42 107.50 107.68 140.87 106.61 118.83 120.47 87.04 110.73 107.49 110.90 6 124.72 137.06 107.73 110.76 142.19 107.03 119.44 122.07 87.03 110.96 107.49 111.04 7 125.77 139.79 107.92 109.22 142.91 107.36 120.13 122.94 87.02 111.78 107.49 111.37 8 125.79 139.58 108.23 107.89 144.26 107.70 120.53 118.35 87.01 113.67 107.49 111.74
4 – TIME SERIES OF CPI-A
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 32.83 1.34 2.93 26.07 1.33 2.76 4.82 5.12 4.41 12.88 5.50
2007
8 117.40 118.43 106.10 97.58 132.93 105.32 105.96 107.73 91.13 105.62 115.70 106.02 9 117.60 120.15 106.23 96.79 134.14 105.51 106.15 107.83 93.27 106.61 108.46 107.96 10 118.06 120.18 106.34 99.53 135.00 106.16 106.43 109.44 93.26 107.17 108.46 108.41 11 118.84 120.74 106.37 101.25 137.03 106.61 106.78 111.29 91.06 107.43 108.46 108.74 12 119.84 121.95 106.37 101.32 138.34 107.15 107.41 112.49 93.25 108.70 108.46 108.86
2008
1 121.41 125.95 106.35 99.01 139.90 107.58 117.75 113.09 85.59 108.03 108.46 109.18 2 124.87 132.97 106.43 97.38 142.77 107.95 118.75 114.15 85.57 111.85 108.47 112.90 3 124.70 131.89 106.72 99.07 143.24 108.60 119.47 114.99 87.57 110.20 108.47 111.06 4 124.16 135.44 107.08 104.16 135.76 109.45 120.11 116.52 87.54 109.85 108.48 111.29 5 125.02 135.76 107.34 106.45 137.70 109.72 121.07 118.99 87.55 110.15 108.48 111.44 6 126.55 138.88 107.42 109.39 138.92 110.50 121.64 120.35 87.54 110.11 108.50 111.74 7 127.91 142.30 107.60 108.17 139.61 111.08 122.25 121.05 87.53 110.53 108.50 111.91 8 127.95 141.78 107.98 107.31 141.01 111.77 122.68 116.41 87.53 111.65 108.50 112.33
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CONSUMER PRICE INDEX AUGUST / 2008 DSEC No.8
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
2007
8 115.23 117.74 105.85 98.46 134.49 104.87 105.96 109.91 91.35 105.12 112.91 105.93 9 115.42 119.21 105.97 97.56 135.80 104.81 106.23 110.05 92.89 104.12 106.98 107.59 10 116.15 119.50 106.10 101.05 136.93 105.17 106.53 111.94 92.87 104.98 106.98 108.00 11 117.03 120.37 106.13 102.90 138.81 105.41 106.82 114.30 91.27 105.21 106.98 108.43 12 118.12 121.59 106.09 102.73 140.32 105.62 107.35 115.85 92.86 108.65 106.98 108.63
2008
1 119.14 125.10 106.08 99.57 141.87 105.94 115.26 116.57 84.95 106.49 106.98 109.03 2 122.06 130.59 106.16 97.53 144.58 106.16 116.05 117.49 84.91 112.99 106.98 112.74 3 122.00 130.43 106.53 98.89 144.99 106.59 116.78 118.73 86.24 109.64 106.98 111.08 4 121.82 133.22 106.99 104.59 137.64 107.19 117.49 120.80 86.19 109.59 106.99 111.33 5 122.84 133.95 107.45 107.19 139.48 107.47 118.41 123.88 86.21 110.19 106.99 111.46 6 124.16 136.35 107.65 110.25 140.79 107.98 119.04 125.56 86.19 110.49 106.99 111.62 7 125.13 138.76 107.82 108.67 141.51 108.36 119.76 126.30 86.18 111.32 106.99 112.05 8 125.10 138.68 108.14 107.51 142.81 108.78 120.15 120.51 86.17 113.28 106.99 112.41
6 – AVERAGE RETAIL PRICES OF SELECTED FOOD ITEMS
Average retail prices (MOP
)2007 2008
Rates of change (%)Items Unit
August May June July August
Aug. 2008/Jul 2008
Aug. 2008/
Aug. 2007
1 2 3 4 5 6 7 8 9
Rice Rice – Thailand
(packaged, regular) kg 6.69 11.88 11.87 11.80 11.73 -0.61 75.30 Fresh beef Beef kg 43.92 71.43 72.45 71.47 70.77 -0.98 61.14 Shin beef kg 44.39 69.42 69.71 71.13 69.74 -1.96 57.09 Fresh pork Lean meat kg 44.01 55.96 56.08 56.01 56.55 0.97 28.49
Pork chop kg 43.02 54.19 54.90 53.98 53.42 -1.03 24.18
Live poultry Chicken kg 28.34 32.00 32.00 31.92 34.20 7.13 20.71 Fresh salt-water Golden thread kg 39.87 39.61 42.01 48.48 51.30 5.81 28.68 fish Pomfret kg 72.08 91.27 91.26 94.05 81.90 -12.92 13.63
Sole kg 81.42 75.42 75.11 87.69 82.90 -5.47 1.81
Fresh fresh- Grass carp kg 21.69 31.81 33.24 36.22 36.01 -0.57 66.03 water fish Head of “Tai U” kg 39.38 48.76 49.01 51.73 49.88 -3.57 26.66 Fresh-water perch kg 57.04 60.07 68.11 84.36 76.84 -8.92 34.71
Egg Hen egg each 0.93 1.00 0.99 1.01 1.00 -0.57 7.20
Fruit Orange each 3.15 3.45 3.42 3.49 3.41 -2.33 8.07
Banana kg 6.69 7.42 7.27 7.30 7.31 0.16 9.31
Apple each 3.16 3.64 3.78 4.15 4.04 -2.54 27.73
Vegetable Chinese cabbage kg 10.85 9.64 12.63 15.48 12.65 -18.29 16.64
Choy sum kg 14.13 10.94 16.87 21.60 16.44 -23.90 16.32
Chinese lettuce kg 10.79 8.84 12.19 15.25 13.51 -11.41 25.12
Hairy gourd kg 8.02 8.53 9.58 10.10 10.61 5.03 32.28
Tomato kg 9.82 11.96 11.96 11.01 10.16 -7.70 3.49
Carrot kg 8.32 10.00 10.29 10.25 10.09 -1.51 21.35
- Absolute value equals zero
CHART 1 – MOVEMENTS OF THE COMPOSITE CPI
-1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00
August 2007 October December February 2008 April June August
% Year-on-year rate of change Month-to-month rate of change
CHART 2 – MOVEMENTS OF CPI-A
-1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00
August 2007 October December February 2008 April June August
% Year-on-year rate of change Month-to-month rate of change
CHART 3
– MOVEMENTS OF CPI-B
-1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00
August 2007 October December February 2008 April June August
% Year-on-year rate of change Month-to-month rate of change