CONSUMER PRICE INDEX JULY / 2008 No.7

CONSUMER PRICE INDEX

JULY / 2008

No.7

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

Statistics and Census Service

The Composite CPI for July 2008 rose by 9.22% year-on-year to 125.77, of which the price indices of Food & non-alcoholic beverages, Health and Transport soared by 19.97%, 14.56% and 12.70% respectively.

Among the subgroups of Food & non-alcoholic beverages, notable increase was observed in the prices of canned meat (+77.22%), rice (+67.30%), fresh beef (+61.35%), edible oil (+53.73%), fresh water fish (+46.07%), fresh pork (+36.81%), vegetables (+41.79%) and chilled or frozen pork (+40.47%). For the subgroups of Health and Transport, charges for medical consultation service (+25.53%) and prices of unleaded gasoline (+29.69%) registered marked increase.

Although substantial increase was recorded in the price indices of LP Gas (+26.47%), charges for maintenance & repair services of dwelling (+20.65%) and rentals for housing (+14.36%), the electricity subsidy provided by the Government slowed down the year-on-year increment of the index of Housing & fuels to 6.72%.

On the contrary, the price indices of Communication and Education decreased by 6.88%

and 5.83% respectively year-on-year due to reduced charges of mobile phone services and higher government subsidies to students studying in schools that did not join the free education network.

The CPI-A and CPI-B for July 2008 were 127.91 and 125.13, up by 9.57% and 9.10%

respectively year-on-year.

1 – CONSUMER PRICE INDEX FOR JULY 2008

7/2004 - 6/2005 = 100

Unit Composite CPI CPI-A CPI-B

Index for the current month 125.77 127.91 125.13

Year-on-year rate of change % 9.22 9.57 9.10

Annual rate of change ended July 2008 % 7.99 8.31 7.89

Month-to-month rate of change % 0.84 1.07 0.78

The Composite CPI for July 2008 increased by 0.84% month-to-month, with the price

indices of Food & non-alcoholic beverages; Recreation & culture; and Transport rising by

1.99%, 0.73% and 0.71% respectively, on account of dearer prices of vegetables caused by

continuous rain, higher charges for outbound package tours during Summer Holiday and rising

airfares. Meanwhile, the CPI-A and CPI-B increased by 1.07% and 0.78% respectively month-

to-month.

CONSUMER PRICE INDEX JULY / 2008 DSEC No.7

The average Composite CPI for January to July went up by 9.03% over the same period of 2007. For the 12 months ended July 2008, the Composite CPI rose by 7.99% 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

Jul. 2008/ Jul. 2007 Jan.-Jul. 2008/

Jan.-Jul. 2007 Jul. 2008/ Jun. 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 9.22 9.57 9.10 9.03 9.40 8.90 0.84 1.07 0.78 100.00 100.00 100.00 Food and non-alcoholic beverages 19.97 21.75 19.18 17.67 19.04 17.12 1.99 2.46 1.77 75.67 82.88 75.46 Alcoholic beverages and tobacco 1.99 1.36 1.83 1.59 1.28 1.50 0.17 0.16 0.16 0.18 0.17 0.18 Clothing and footwear 9.87 9.61 9.08 5.94 6.31 5.45 -1.39 -1.12 -1.43 -6.88 -2.65 -8.22 Housing and fuels 6.72 5.85 6.10 10.30 9.38 9.80 0.51 0.50 0.52 14.95 13.32 15.40 Household goods and furnishings 3.03 6.12 3.82 2.43 4.83 3.01 0.31 0.53 0.35 0.92 0.58 1.05

Health 14.56 15.91 13.63 13.78 15.31 12.80 0.58 0.51 0.60 2.04 1.25 2.12 Transport 12.70 11.91 14.33 10.91 10.15 12.33 0.71 0.58 0.59 5.81 2.47 5.02 Communication -6.88 -6.17 -7.24 -7.36 -6.78 -7.64 -0.01 -0.01 -0.01 -0.04 -0.03 -0.05 Recreation and culture 6.69 5.02 6.56 6.73 5.23 6.39 0.73 0.38 0.75 4.64 1.35 5.02

Education -5.83 -6.22 -5.24 -5.84 -6.24 -5.25 - - - -

Miscellaneous goods and services 5.61 5.70 5.96 5.54 5.57 5.79 0.30 0.14 0.38 2.71 0.66 4.02 - Absolute value equals zero

0

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

7 115.15 116.52 105.81 99.41 133.90 104.20 104.86 109.09 93.44 104.77 114.15 105.45 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

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

7 116.74 116.88 106.15 98.69 131.90 104.67 105.47 108.17 93.29 105.25 115.70 105.87 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

CONSUMER PRICE INDEX JULY / 2008 DSEC No.7

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

7 114.69 116.43 105.88 99.62 133.38 104.37 105.39 110.47 92.91 104.47 112.91 105.74 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

6 – AVERAGE RETAIL PRICES OF SELECTED FOOD ITEMS

Average retail prices (MOP

2007 2008

Items Unit

July April May June July

Jun 2008

Jul. 2008/

Jul. 2007

1 2 3 4 5 6 7 8 9

Rice Rice – Thailand

(packaged, regular) kg 6.52 11.82 11.88 11.87 11.80 -0.56 81.03 Fresh beef Beef kg 43.80 70.63 71.43 72.45 71.47 -1.35 63.18

Shin beef kg 44.16 68.85 69.42 69.71 71.13 2.04 61.09 Fresh pork Lean meat kg 40.67 55.35 55.96 56.08 56.01 -0.13 37.71

Pork chop kg 40.14 54.31 54.19 54.90 53.98 -1.68 34.47

Live poultry Chicken kg 28.34 31.88 32.00 32.00 31.92 -0.22 12.67 Fresh salt-water Golden thread kg 38.07 39.12 39.61 42.01 48.48 15.41 27.37

fish Pomfret kg 80.31 82.51 91.27 91.26 94.05 3.06 17.12

Sole kg 72.83 69.31 75.42 75.11 87.69 16.76 20.40

Fresh fresh- Grass carp kg 21.36 29.89 31.81 33.24 36.22 8.94 69.58 water fish Head of “Tai U” kg 38.74 47.56 48.76 49.01 51.73 5.55 33.52

Fresh-water perch kg 54.66 54.08 60.07 68.11 84.36 23.86 54.34

Egg Hen egg each 0.93 0.98 1.00 0.99 1.01 1.66 8.31

Fruit Orange each 3.36 3.31 3.45 3.42 3.49 2.01 3.86

Banana kg 6.58 7.32 7.42 7.27 7.30 0.38 10.96

Apple each 3.14 3.83 3.64 3.78 4.15 9.62 31.88

Vegetable Chinese cabbage kg 10.54 11.15 9.64 12.63 15.48 22.59 46.95

Choy sum kg 13.05 14.59 10.94 16.87 21.60 28.07 65.52

Chinese lettuce kg 9.72 9.20 8.84 12.19 15.25 25.09 56.81

Hairy gourd kg 7.26 14.44 8.53 9.58 10.10 5.52 39.24

Tomato kg 8.93 10.98 11.96 11.96 11.01 -8.00 23.25

Carrot kg 8.09 9.97 10.00 10.29 10.25 -0.43 26.68

- 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

July 2007 September November January 2008 March May July

% 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

July 2007 September November January 2008 March May July

% 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

July 2007 September November January 2008 March May July

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

CONSUMER PRICE INDEX JULY / 2008 DSEC No.7

o Result is less than half of the unit employed

The following statistical tables are available for download 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