Information from Statistics and Census Service indicated that the Composite CPI for July 2006 was 108.67, up slightly by 0.05% over June. The increment was caused by the increase in the price indices of Housing & fuels; Recreation & culture; and Transport. However, the impacts were tapered off by the decrease in the indices of Clothing & footwear; and Food & non-alcoholic beverages. Compared with June 2006, the indices of Recreation & culture; Housing & fuels; and Transport increased by 1.38%, 1.12% and 0.92% respectively. The increments were led by higher charges for outbound package tours during summer holidays, rentals for housing, electricity fuel adjustment, as well as dearer taxi fares and air tickets. On the other hand, seasonal sale of men’s and women’s clothing and footwear, together with lower vegetable prices pushed down the indices of Clothing & footwear (-4.42%) and Food & non-alcoholic beverages (-0.65%). The Composite CPI for July 2006 registered a year-on-year increase of 5.07%. Average Composite CPI for January to July went up by 5.69% compared with the same period of 2005. For the 12 months ended July 2006, the average Composite CPI increased by 5.56% over the previous period. In addition, the CPI-A and CPI-B for July 2006 were 109.67 and 108.36, up by 0.01% and 0.04% respectively compared with June. Starting from January 2006, the CPI has been rebased to July 2004 to June 2005. The Composite CPI reflects the impacts of price changes for the general population. The CPI-A relates to about 49% of households, which had an average monthly expenditure of MOP 3,000 to MOP 9,999; the CPI-B relates to about 31% of households, which had an average monthly expenditure of MOP 10,000 to MOP 19,999.
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