CONSUMER PRICE INDEX AUGUST / 2007 No.8

(1)

CONSUMER PRICE INDEX

AUGUST / 2007

No.8

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

Statistics and Census Service

17^th floor, “Dynasty Plaza” Bldg., 411-417 Alameda Dr. Carlos d’Assumpção, Macao Tel: 3995311 Fax: 28307825 Printed in September 2007

E-mail: info@dsec.gov.mo Homepage: http://www.dsec.gov.mo

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. 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 August 2007 rose by 0.50% over July to 115.72. The increment was mainly attributable to increases in the price indices of Food & non-alcoholic beverages; and Housing & fuels.

Compared with July 2007, the indices of Food & non-alcoholic beverages; Housing & fuels; and Recreation &

culture recorded notable increases of 1.20%, 0.88% and 0.54% respectively, on account of dearer prices of fresh pork and vegetables, rising charges for meals bought away from home, higher rentals for housing, increasing charges for maintenance and repair of dwelling, rising price of LP Gas, as well as higher charges for outbound package tours during Summer holidays.

Meanwhile, the indices of Communication, Clothing & footwear and Transport recorded decreases of 1.94%, 1.21% and 0.35% respectively owing to lower charges for IDD calls during Summer holidays, reduction sale of men’s and women’s clothing, as well as lower prices of gasoline.

The Composite CPI for August 2007 registered a year-on-year increase of 6.42%. The average Composite CPI for January to August went up by 5.10% over the same period of 2006. For the 12 months ended August 2007, the average Composite CPI rose by 4.85% over the previous period.

In addition, the CPI-A and CPI-B for August 2007 were 117.40 and 115.23, up by 0.57% and 0.47% respectively compared with July.

TABLE 1 - CONSUMER PRICE INDEX FOR AUGUST 2007

7/2004 - 6/2005 = 100 Unit Composite CPI CPI-A CPI-B Index of the current month 115.72 117.40 115.23

Annual rate of change ended August 2007 % 4.85 5.30 4.74 Month-to-month rate of change % 0.50 0.57 0.47 Year-on-year rate of change % 6.42 6.92 6.28

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

Overall index +0.50%

Food and non-alcoholic beverages 1.20 Housing and fuels 0.88 Recreation and culture 0.54 Health 0.51 Household goods and furnishings 0.41 Miscellaneous goods and services 0.15 Education 0.01

Communication -1.94 Clothing and footwear -1.21

Transport -0.35 Alcoholic beverages and tobacco -0.02

1

(2)

____________________________________________________________________________________________________

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

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 2 112.03 111.73 105.02 97.05 126.77 103.29 103.20 106.18 93.49 108.50 114.14 105.50 3 111.91 112.41 105.02 94.85 127.90 103.88 103.35 105.65 93.49 102.17 114.15 104.73 4 112.58 112.84 105.21 96.44 129.32 103.86 103.61 106.38 93.49 103.65 114.15 104.79 5 113.22 113.34 105.23 98.72 131.10 104.03 104.06 107.42 93.46 102.03 114.15 104.93 6 114.37 115.99 105.74 101.58 131.70 104.09 104.19 108.09 93.43 102.71 114.15 105.12 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

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

%

Rates of change

Jan.-Aug. 2007/

Jan.-Aug. 2006 Aug. 2007/ Aug. 2006 Aug. 2007/ Jul. 2007

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

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

Overall index 5.10 5.53 4.99 6.42 6.92 6.28 0.50 0.57 0.47 100.00 100.00 100.00 Food and non-alcoholic beverages 6.53 6.59 6.53 9.01 9.23 8.95 1.20 1.33 1.12 71.23 77.00 73.80 Alcoholic beverages and tobacco 0.59 0.64 0.59 0.93 0.98 0.91 -0.02 -0.04 -0.03 -0.04 -0.10 -0.06 Clothing and footwear -0.03 -0.37 0.68 3.99 3.59 4.61 -1.21 -1.12 -1.17 -9.93 -4.89 -10.88 Housing and fuels 8.53 7.73 8.28 10.06 9.10 9.70 0.88 0.78 0.83 45.16 40.66 42.40 Household goods and furnishings 1.73 2.11 1.89 2.28 2.77 2.45 0.41 0.62 0.48 2.19 1.31 2.49

Health 2.28 2.55 2.60 3.25 3.56 3.65 0.51 0.47 0.54 2.86 2.06 3.03 Transport 1.38 1.16 1.24 0.62 0.30 0.29 -0.35 -0.41 -0.50 -4.74 -3.20 -6.78 Communication -2.75 -2.80 -3.27 -2.84 -3.10 -3.25 -1.94 -2.31 -1.68 -15.08 -16.69 -14.30 Recreation and culture 1.47 1.56 1.20 1.87 2.19 1.73 0.54 0.36 0.62 5.88 2.51 6.97

Education 6.07 7.00 5.81 6.07 7.00 5.81 0.01 0.01 o 0.11 0.12 0.05 Miscellaneous goods and services 3.61 3.99 3.82 3.82 3.98 4.04 0.15 0.14 0.18 2.37 1.23 3.27

o

Result is less than half of the unit employed - Absolute value equals zero

(3)

TABLE 4 - TIME SERIES OF CPI-A

7/2004 - 6/2005 = 100

Year/

Month

Overall index

Alcoholic beverages

and tobacco

Housing and fuels

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

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 2 113.11 111.75 105.36 96.02 125.13 104.03 103.53 105.67 93.32 106.91 115.69 106.22 3 113.37 112.43 105.34 93.99 126.23 104.15 103.70 105.07 93.32 104.24 115.70 105.33 4 113.95 112.64 105.54 95.73 127.75 104.17 104.00 105.83 93.32 104.46 115.70 105.35 5 114.66 113.03 105.60 97.65 129.59 104.33 104.52 106.79 93.30 103.76 115.70 105.51 6 116.04 116.39 106.15 100.59 130.11 104.45 104.83 107.18 93.28 104.17 115.70 105.55 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

TABLE 5 - TIME SERIES OF CPI-B

7/2004 - 6/2005 = 100

Year/

Month

Overall index

Alcoholic beverages

and tobacco

Housing and fuels

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

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 2 111.68 111.80 105.12 97.36 126.39 103.55 103.60 107.06 92.96 108.37 112.91 105.85 3 111.54 112.44 105.11 95.38 127.51 104.03 103.78 106.56 92.96 101.99 112.91 105.05 4 112.23 112.98 105.29 96.73 128.90 104.00 104.10 107.53 92.96 103.55 112.91 105.11 5 112.87 113.52 105.30 99.01 130.62 104.18 104.54 108.75 92.93 101.89 112.91 105.26 6 113.93 115.85 105.83 101.70 131.21 104.25 104.66 109.27 92.90 102.59 112.91 105.42 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

3

(4)

____________________________________________________________________________________________________

TABLE 6 - AVERAGE RETAIL PRICES OF SELECTED FOOD ITEMS

MOP

Average retail prices

2006 2007 Items Unit

August March April May June July August

1 2 3 4 5 6 7 8 9

Rice

Rice – Thailand (pre-packaged,

ordinary) kg 6.13 6.42 6.36 6.36 6.36 6.52 6.69

Fresh beef

Beef kg 40.05 40.61 41.44 41.68 40.69 43.80 43.92

Shin beef kg 40.61 40.85 41.20 41.56 40.85 44.16 44.39 Fresh pork

Lean meat kg 34.24 34.12 33.71 33.65 37.78 40.67 44.01 Pork chop kg 35.09 33.88 33.53 33.65 37.43 40.14 43.02 Live poultry

Chicken kg 26.45 26.56 26.51 26.45 27.45 28.34 28.34 Fresh salt-water fish

Golden thread kg 33.60 34.27 32.96 33.78 38.47 38.07 39.87 Pomfret kg 72.89 90.70 89.54 99.85 90.19 80.31 72.08

Sole kg 82.62 64.72 64.66 62.86 69.11 72.83 81.42

Fresh fresh-water fish

Grass carp kg 20.68 19.85 18.66 19.54 20.71 21.36 21.69 Head of “Tai U” kg 35.95 38.00 36.97 36.48 38.49 38.74 39.38 Fresh-water perch kg 45.42 51.95 49.79 48.60 50.50 54.66 57.04 Egg

Hen egg each 0.72 0.96 0.96 0.93 0.93 0.93 0.93

Fruit

Orange each 3.24 3.27 3.28 3.44 3.68 3.36 3.15

Banana kg 6.82 6.70 6.66 6.67 6.74 6.58 6.69

Apple each 3.26 3.02 3.05 3.05 3.01 3.14 3.16

Vegetable

Chinese cabbage kg 10.18 11.15 10.02 9.39 11.60 10.54 10.85 Choy sum kg 14.16 14.51 11.71 10.90 14.55 13.05 14.13 Chinese lettuce kg 10.66 7.22 9.05 8.24 10.21 9.72 10.79 Hairy gourd kg 7.99 8.15 9.16 7.43 7.82 7.26 8.02

Tomato kg 7.79 7.18 7.55 7.82 9.45 8.93 9.82

Carrot kg 8.70 8.24 8.03 7.77 8.27 8.09 8.32

a. No imports were recorded during the period

(5)

CHART 2 - 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

August 2006 October December February 2007 April June August

% 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

%

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

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

5

(6)

CONSUMER PRICE INDEX AUGUST / 2007 No.8