CONSUMER PRICE INDEX
JUNE / 2007
No.6
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 June 2007 rose by 1.02% over May to 114.37. The increment was mainly attributable to the increases in the price indices of Food & non-alcoholic beverages; Clothing & footwear and Housing & fuels.
Compared with May 2007, the indices of Clothing & footwear; Food & non-alcoholic beverages; Recreation &
culture; and Transport recorded notable increases of 2.89%, 2.35%, 0.66% and 0.62% respectively, on account of rising prices of men’s and women’s clothing, dearer prices of fresh vegetables after heavy rain, rising prices of fresh pork and frozen poultry, as well as higher charges for outbound package tours and air tickets near the Summer holiday period.
On the other hand, the index of Communication was the only section that recorded a slight decrease of 0.03% as a result of lower prices of mobile phones.
The Composite CPI for June 2007 registered a year-on-year increase of 5.30%. The average Composite CPI for the first half year went up by 4.73% compared with the same period of 2006. For the 12 months ended June 2007, the average Composite CPI rose by 4.63% over the previous period. For the second quarter of 2007, the Composite CPI rose by 4.89% over the same quarter of 2006, with notable increases in the indices of Housing & fuels (+8.29%), Food & non- alcoholic beverages (+6.25%) and Education (+6.07%).
In addition, the CPI-A and CPI-B for June 2007 were 116.04 and 113.93, up by 1.20% and 0.94% respectively compared with May.
TABLE 1 - CONSUMER PRICE INDEX FOR JUNE 2007
7/2004 - 6/2005 = 100 Unit Composite CPI CPI-A CPI-B Index of the current month 114.37 116.04 113.93
Annual rate of change ended June 2007 % 4.63 5.11 4.50 Month-to-month rate of change % 1.02 1.20 0.94 Year-on-year rate of change % 5.30 5.82 5.19 Index of the 2
ndquarter 113.39 114.88 113.01 Quarter-to-quarter rate of change % 1.73 1.94 1.70 Year-on-year rate of change % 4.89 5.33 4.79 CHART 1 - MONTHLY RATE OF CHANGE OF THE COMPOSITE CPI BY SECTION %
Overall index +1.02%
Clothing and footwear 2.89 Food and non-alcoholic beverages 2.35 Recreation and culture 0.66 Transport 0.62 Alcoholic beverages and tobacco 0.49 Housing and fuels 0.46 Miscellaneous goods and services 0.18 Health 0.13 Household goods and furnishings 0.05
Communication -0.03
CONSUMER PRICE INDEX JUNE / 2007 DSEC No.6
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
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 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
TABLE 3 – CHANGES OF THE COMPOSITE CPI, CPI-A AND CPI-B AT SECTION LEVEL
%
Rates of change
Jan.-Jun. 2007/
Jan.-Jun. 2006 Jun. 2007/ Jun. 2006 Jun. 2007/ May 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 Com- posite
CPI
CPI-A CPI-B
1 2 3 4 5 6 7 8 9 10 11 12 13
Overall index 4.73 5.14 4.63 5.30 5.82 5.19 1.02 1.20 0.94 100.00 100.00 100.00 Food and non-alcoholic beverages 5.88 5.89 5.89 6.73 6.67 6.77 2.35 2.97 2.05 67.02 79.98 66.54 Alcoholic beverages and tobacco 0.48 0.52 0.47 0.96 1.06 0.96 0.49 0.53 0.50 0.47 0.54 0.51 Clothing and footwear -1.17 -1.56 -0.46 0.69 0.54 1.41 2.89 3.01 2.72 11.63 6.26 12.79 Housing and fuels 8.09 7.36 7.87 8.95 8.37 8.68 0.46 0.40 0.45 11.49 9.74 11.40 Household goods and furnishings 1.63 2.02 1.81 1.72 1.94 1.83 0.05 0.11 0.06 0.15 0.11 0.17 Health 2.02 2.27 2.32 2.25 2.66 2.59 0.13 0.29 0.12 0.36 0.61 0.34 Transport 1.57 1.38 1.48 1.01 0.65 0.66 0.62 0.37 0.48 4.09 1.37 3.23 Communication -3.04 -3.07 -3.53 -1.25 -1.02 -1.95 -0.03 -0.02 -0.03 -0.11 -0.07 -0.14 Recreation and culture 1.40 1.41 1.10 0.82 1.23 0.68 0.66 0.39 0.68 3.49 1.30 3.80
Education 6.07 7.00 5.81 6.07 7.00 5.80 - - - - - -
Miscellaneous goods and services 3.58 4.02 3.78 3.61 3.98 3.77 0.18 0.04 0.15 1.41 0.16 1.37 - Absolute value equals zero
o
Result is less than half of the unit employedYear/
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
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 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
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
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 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
CONSUMER PRICE INDEX JUNE / 2007 DSEC No.6
TABLE 6 - AVERAGE RETAIL PRICES OF SELECTED FOOD ITEMS
MOP
Average retail prices
2006 2007 Items Unit
June January February March April May June
1 2 3 4 5 6 7 8 9
Rice
Rice – Thailand (pre-packaged,
ordinary) kg 6.09 6.42 6.42 6.42 6.36 6.36 6.36
Fresh beef
Beef kg 40.14 40.90 40.61 40.61 41.44 41.68 40.69
Shin beef kg 40.61 41.37 40.93 40.85 41.20 41.56 40.85 Fresh pork
Lean meat kg 34.47 34.14 33.92 34.12 33.71 33.65 37.78 Pork chop kg 35.18 34.05 33.92 33.88 33.53 33.65 37.43 Live poultry
Chicken kg 26.48 26.78 26.98 26.56 26.51 26.45 27.45 Fresh salt-water fish
Golden thread kg 34.65 38.05 40.08 34.27 32.96 33.78 38.47 Pomfret kg 80.94 62.39 72.91 90.70 89.54 99.85 90.19 Sole kg 61.37 62.34 76.37 64.72 64.66 62.86 69.11 Fresh fresh-water fish
Grass carp kg 20.53 19.99 20.82 19.85 18.66 19.54 20.71 Head of “Tai U” kg 35.42 36.80 39.06 38.00 36.97 36.48 38.49 Fresh-water perch kg 48.32 55.53 53.70 51.95 49.79 48.60 50.50 Egg
Hen egg each 0.71 0.85 0.95 0.96 0.96 0.93 0.93
Fruit
Orange each 3.25 3.08 3.30 3.27 3.28 3.44 3.68
Banana kg 6.82 6.67 7.05 6.70 6.66 6.67 6.74
Apple each 3.01 2.82 3.20 3.02 3.05 3.05 3.01
Vegetable
Chinese cabbage kg 11.84 6.89 8.51 11.15 10.02 9.39 11.60 Choy sum kg 17.33 9.53 11.48 14.51 11.71 10.90 14.55 Chinese lettuce kg 11.32 6.33 6.63 7.22 9.05 8.24 10.21 Hairy gourd kg 8.00 7.88 8.69 8.15 9.16 7.43 7.82
Tomato kg 8.03 7.99 7.53 7.18 7.55 7.82 9.45
Carrot kg 8.28 8.81 8.92 8.24 8.03 7.77 8.27
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
June 2006 August October December February 2007 April June
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
June 2006 August October December February 2007 April June
%
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
June 2006 August October December February 2007 April June
% Month-to-month rate of change Year-on-year rate of change
CONSUMER PRICE INDEX JUNE / 2007 DSEC No.6
TABLE 7 – QUARTER-TO-QUARTER RATE OF CHANGE OF THE COMPOSITE CPI
7/2004 - 6/2005 = 100
Year/
Quarter
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
2 108.11 107.35 104.73 100.06 120.70 102.26 101.71 106.14 95.46 101.90 107.62 101.29 3 108.91 107.90 104.79 94.70 122.79 102.38 101.95 107.31 94.39 102.91 109.79 102.39 4 110.09 108.04 104.86 98.01 124.62 102.56 102.27 105.67 97.11 102.09 114.14 103.76
2007
1 111.46 111.21 105.01 97.00 126.48 103.43 103.17 105.75 93.48 104.11 114.14 104.75 2 113.39 114.06 105.39 98.91 130.71 103.99 103.95 107.30 93.46 102.80 114.15 104.95 Rate of
change (%) Quarter-to-
quarter
1.73 2.56 0.37 1.97 3.34 0.54 0.76 1.46 -0.03 -1.26 o 0.19 Year-on-
year 4.89 6.25 0.63 -1.14 8.29 1.70 2.20 1.09 -2.09 0.88 6.07 3.62 o Result is less than half of the unit employed