Information from the Statistics and Census Service (DSEC) indicated that the Composite CPI increased by 1.33% year-on-year to 108.36 in October 2016, a further decrease of 0.26 percentage points from the 1.59% growth in September. The increment was attributable to higher charges for eating out, rising rentals for parking spaces, as well as increases in property management fees, motor car prices and tuition fees. Among the various sections of goods and services, price index of Food & Non-Alcoholic Beverages that accounted for the largest share of household expenditure showed continued slowdown in growth, rising by 1.68% year-on-year. Price index of Communication (-1.97%), Clothing & Footwear (-1.25%) and Housing & Fuels (-1.18%) registered decline; meanwhile, price index of Alcoholic Beverages & Tobacco, Education and Transport went up by 10.22%, 7.42% and 6.42% respectively. The CPI-A (108.44) and CPI-B (107.76) increased by 1.19% and 2.59% respectively year-on-year. The Composite CPI for October 2016 increased by 0.17% month-to-month. Price index of Clothing & Footwear, Alcoholic Beverages & Tobacco and Transport rose by 3.26%, 0.57% and 0.39% respectively on account of new arrival of winter clothing, higher prices of alcoholic beverages, gasoline, as well as rising charges for maintenance & repair of motor cars. On the other hand, lower charges for internet services drove down the price index of Communication by 1.72%. Moreover, reduced electricity charges and receding prices of vegetables, fruits and fresh fish pushed down the price index of Housing & Fuels and Food & Non-Alcoholic Beverages by 0.10% and 0.09% respectively. The CPI-A and CPI-B rose by 0.16% and 0.19% respectively month-to-month. For the 12 months ended October 2016, the average Composite CPI increased by 2.75% from the previous period. Price index of Alcoholic Beverages & Tobacco (+27.09%), Education (+8.67%) and Transport (+6.44%) showed marked increase. The average CPI-A and CPI-B rose by 2.72% and 3.02% respectively over the previous period. The average Composite CPI for the first ten months of 2016 increased by 2.55% year-on-year; the average CPI-A and CPI-B went up by 2.49% and 3.06% respectively. The Composite CPI reflects the impact of price changes on the general households in Macao. The CPI-A relates to about 50% of the households, which have an average monthly expenditure of MOP10,000 to MOP29,999. The CPI-B relates to about 30% of the households, which have an average monthly expenditure of MOP30,000 to MOP54,999.
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