CONSUMER PRICE INDEX
DECEMBER / 2007
No.12
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: 83995311 Fax: 28307825 Printed in January 2008
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 December 2007 rose by 0.98% over November to 118.49, the increment was mainly attributable to the increase in the price indices of Food & non-alcoholic beverages; Housing & fuels; and Recreation & culture.
Compared with November 2007, the indices of Recreation & culture, Communication and Transport recorded notable increases of 3.28%, 2.02% and 1.52% respectively, on account of higher charges for outbound package tours during Christmas holidays, reduction in the discount offered for IDD calls and rising prices of gasoline. In spite of lower prices of fresh vegetables, the index of Food & non- alcoholic beverages went up by 1.01%, as a result of dearer prices of fresh pork and beef, as well as increasing charges of meals bought away from home.
On the other hand, the index of Clothing & footwear recorded a 0.10% decrease due to the commencement of discount sale of men and women’s shoes.
The Composite CPI for December 2007 registered a year-on-year increase of 7.12%. For the fourth quarter of 2007, the Composite CPI rose by 1.62% and 6.68% over the previous quarter and the same quarter of 2006 respectively.
In addition, the CPI-A and CPI-B for December 2007 were 119.84 and 118.12, up by 0.84% and 0.93% respectively month-to- month.
The average Composite CPI for the whole year of 2007 was 114.46 and the annual inflation rate was 5.57%, with marked increases in the indices of Housing & fuels (+9.55%), Food & non-alcoholic beverages (+8.19%), as well as Miscellaneous goods &
services (+3.69%). The annual average CPI-A and CPI-B for 2007 was 115.93 and 114.09 respectively, up by 5.92% and 5.49% over 2006.
TABLE 1 - CONSUMER PRICE INDEX FOR DECEMBER 2007
7/2004 - 6/2005 = 100 Unit Composite CPI CPI-A CPI-B Index for the current month 118.49 119.84 118.12
Annual rate of change ended December 2007 % 5.57 5.92 5.49
Month-to-month rate of change % 0.98 0.84 0.93
Year-on-year rate of change % 7.12 7.24 7.09
Index for the 4
thquarter 117.44 118.92 117.10
Quarter-to-quarter rate of change % 1.62 1.42 1.72
Year-on-year rate of change % 6.68 6.83 6.68
CHART 1 - MONTHLY RATE OF CHANGE OF THE COMPOSITE CPI BY SECTION %
Overall index +0.98%
Recreation and culture 3.28 Communication 2.02 Transport 1.52 Housing and fuels 1.12 Food and non-alcoholic beverages 1.01 Health 0.49 Miscellaneous goods and services 0.22 Household goods and furnishings 0.17
Clothing and footwear -0.10 Alcoholic beverages and tobacco -0.05
CONSUMER PRICE INDEX DECEMBER / 2007 DSEC No.12
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
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 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
TABLE 3 – CHANGES OF THE COMPOSITE CPI, CPI-A AND CPI-B AT SECTION LEVEL
%
Rates of change
Jan.-Dec. 2007/
Jan.-Dec. 2006 Dec. 2007/ Dec. 2006 Dec. 2007/ Nov. 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 5.57 5.92 5.49 7.12 7.24 7.09 0.98 0.84 0.93 100.00 100.00 100.00 Food and non-alcoholic beverages 8.19 8.41 8.13 12.17 12.76 11.97 1.01 1.01 1.01 30.92 39.99 33.81 Alcoholic beverages and tobacco 0.77 0.81 0.76 0.95 0.99 0.93 -0.05 o -0.04 -0.05 o -0.04 Clothing and footwear 1.25 0.97 1.90 2.37 2.27 2.76 -0.10 0.07 -0.16 -0.42 0.22 -0.77 Housing and fuels 9.55 8.70 9.27 12.28 11.29 11.93 1.12 0.95 1.09 29.68 34.08 28.40 Household goods and furnishings 1.87 2.52 2.10 2.40 4.14 2.78 0.17 0.50 0.20 0.47 0.71 0.53 Health 2.82 3.09 3.14 3.88 4.22 4.14 0.49 0.58 0.50 1.40 1.73 1.40 Transport 2.66 2.37 2.74 7.36 6.58 8.03 1.52 1.08 1.36 10.50 5.80 9.40 Communication -3.05 -3.16 -3.50 -3.80 -4.08 -4.07 2.02 2.40 1.74 7.65 11.22 7.18 Recreation and culture 2.22 2.17 2.03 5.88 4.40 5.88 3.28 1.18 3.27 18.06 5.59 18.37
Education 1.94 2.39 1.98 -5.84 -6.24 -5.25 - - - - - -
Miscellaneous goods and services 3.69 3.98 3.90 4.11 4.15 4.31 0.22 0.11 0.19 1.78 0.65 1.73 o Result is less than half of the unit employed
- Absolute value equals zero
TABLE 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
2006
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 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
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
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 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
CONSUMER PRICE INDEX DECEMBER / 2007 DSEC No.12
TABLE 6 - AVERAGE RETAIL PRICES OF SELECTED FOOD ITEMS
MOP
Average retail prices
2006 2007
Items Unit
December July August September October November December
1 2 3 4 5 6 7 8 9
Rice
Rice – Thailand (pre-packaged,
ordinary) kg 6.42 6.52 6.69 6.79 6.79 6.84 7.04
Fresh beef
Beef kg 40.85 43.80 43.92 45.18 45.59 49.30 64.46
Shin beef kg 41.09 44.16 44.39 45.42 45.73 49.92 63.05
Fresh pork
Lean meat kg 34.30 40.67 44.01 43.57 42.80 42.74 45.51
Pork chop kg 33.65 40.14 43.02 43.21 41.50 41.44 44.63
Live poultry
Chicken kg 26.74 28.34 28.34 28.57 28.57 28.34 28.34
Fresh salt-water fish
Golden thread kg 36.16 38.07 39.87 39.26 42.72 44.69 46.56
Pomfret kg 71.28 80.31 72.08 62.09 65.39 72.70 73.91
Sole kg 55.81 72.83 81.42 75.86 70.21 70.27 68.03
Fresh fresh-water fish
Grass carp kg 19.87 21.36 21.69 22.70 23.40 23.65 23.99
Head of “Tai U” kg 36.94 38.74 39.38 40.15 40.56 40.67 41.94
Fresh-water perch kg 55.01 54.66 57.04 56.60 50.38 50.81 48.36 Egg
Hen egg each 0.70 0.93 0.93 0.92 0.94 0.94 0.94
Fruit
Orange each 2.93 3.36 3.15 3.34 3.54 3.38 3.38
Banana kg 6.67 6.58 6.69 6.69 6.69 6.69 6.75
Apple each 2.85 3.14 3.16 3.25 3.09 3.26 3.36
Vegetable
Chinese cabbage kg 7.22 10.54 10.85 12.02 10.57 8.40 6.86
Choy sum kg 9.66 13.05 14.13 14.84 11.56 10.14 9.49
Chinese lettuce kg 7.27 9.72 10.79 11.92 9.84 7.60 6.38
Hairy gourd kg 8.20 7.26 8.02 8.47 9.15 9.06 8.34
Tomato kg 8.30 8.93 9.82 9.74 9.60 9.56 8.94
Carrot kg 8.48 8.09 8.32 8.38 9.23 10.01 10.67
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
December 2006 February 2007 April June August October December
% 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
December 2006 February 2007 April June August October December
%
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
December 2006 February 2007 April June August October December
% Month-to-month rate of change Year-on-year rate of change
CONSUMER PRICE INDEX DECEMBER / 2007 DSEC No.12
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
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 3 115.56 117.98 105.83 98.30 135.13 104.40 105.30 108.80 92.83 104.78 111.92 106.07 4 117.44 120.59 106.04 101.63 139.35 104.87 106.28 112.15 92.79 106.43 107.47 107.90 Rate of
change
(%)
Quarter-to- quarter
1.62 2.21 0.20 3.39 3.13 0.45 0.94 3.08 -0.05 1.57 -3.98 1.73 Year-on-
year 6.68 11.61 1.13 3.69 11.82 2.26 3.92 6.13 -4.45 4.25 -5.84 3.99