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Results of the Consumer Price Index for June 2007


Information from the Statistics and Census Service indicated that 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. 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.



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