Information from the Statistics and Census Service (DSEC) indicated that the Composite CPI rose by 1.65% year-on-year to 108.10 in August 2016, a further decrease of 0.43 percentage points from the 2.08% growth in July. The increment was attributable to dearer rentals for parking spaces, higher charges for eating out, as well as increases in property management fees and motor car prices. 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 2.09% year-on-year; price index of Clothing & Footwear decreased by 3.37%; meanwhile, lower rentals for dwellings drove down the price index of Housing & fuels by 0.43%, the first decline recorded since April 2010. On the other hand, price index of Education, Transport and Alcoholic Beverages & Tobacco rose by 8.89%, 7.32% and 5.32% respectively. The CPI-A (108.18) and CPI-B (107.44) increased by 1.53% and 2.75% respectively year-on-year. The Composite CPI for August 2016 decreased by 0.23% month-to-month. Seasonal sale of clothing & footwear, lower rentals for dwellings and receding prices of Liquefied Petroleum Gas pushed down the price index of Clothing & Footwear and Housing & Fuels by 2.63% and 0.34% respectively. On the contrary, higher charges for package tours and airfares during summer holidays drove up the price index of Recreation & Culture and Transport by 0.35% and 0.15% respectively. Moreover, price index of Food & Non-Alcoholic Beverages rose slightly by 0.02% due to higher prices of vegetables & fruits and dearer charges for eating out; meanwhile, receding prices of fresh fish, seafood and pork offset part of the increase. The CPI-A and CPI-B dropped by 0.24% and 0.16% respectively month-to-month. For the 12 months ended August 2016, the average Composite CPI increased by 3.20% from the previous period. Price index of Alcoholic Beverages & Tobacco (+32.75%) and Education (+8.94%) showed marked increase. The average CPI-A and CPI-B went up by 3.22% and 3.10% respectively over the previous period. The average Composite CPI for the first eight months of 2016 increased by 2.83% year-on-year, and the average CPI-A and CPI-B rose by 2.79% and 3.16% 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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