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Results of the Consumer Price Index for April 2006


Information from Statistics and Census Service indicated that the Composite CPI for April 2006 was 107.55, up by 0.87% over the previous month. The increase was mainly attributable to the rising prices in new arrivals of Summer clothing; upward adjustment of the electricity fuel clause and gasoline prices on account of surging international oil prices; higher charges for outbound package tours in the Easter holidays; and the increase in the rentals for housing. As a result, the indices of Clothing & footwear; Transport; Recreation & culture and Housing & fuels rose by 1.90%, 1.79%, 1.46% and 1.39% respectively. On the other hand, the continuous price discount offered in long-distance call (IDD) led to the decrease in the index of Communication (-0.38%) compared with March. The Composite CPI for April 2006 registered a year-on-year increase of 6.30%. Average Composite CPI for January to April 2006 rose by 5.69% over the same period of 2005. For the 12 months ended April 2006, the average Composite CPI increased by 5.22% over the previous period. In addition, the CPI-A and CPI-B for April 2006 were 108.44 and 107.32, up by 0.85% and 0.86% respectively compared with March. Starting from January 2006, the CPI has been rebased to July 2004 to June 2005, apart from the compilation of the Composite CPI that reflects the impacts of price changes for the general population, two indices are compiled to show the influences of price changes for households in different expenditure ranges. 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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