Portfolio of Kimberly Johans

A collection of articles created during my stint as a journalist at The Macau Daily Times

Cost of living show slight rise for August

Posted by Kimberly on September 22, 2007

By Kimberly Johans
Published in The Macau Daily Times
September 22, 2007, 2 (298 words)

The Composite CPI for August rose by 0.50 percent over July to 115.72 according to information provided by the Statistics and Census Service.
This gain was main attributable to increases in the price indices of food and non-alcoholic beverages as well as housing and fuels.
The indices of Food & non-alcoholic beverages; Housing & fuels; and Recreation & culture recorded notable increases compared with July 2007.
These increases were 1.20%, 0.88% and 0.54% respectively, due to dearer prices of fresh pork and vegetables, rising charges for meals bought away from home, higher rentals for housing, increasing charges for maintenance and repair of dwellings, rising prices of LPG, as well as higher charges for outbound package tours during the summer holidays.
Meanwhile, there was a decrease recorded for the indices of Communication (1.94 percent), Clothing & footwear (1.21 percent) and Transport (0.35 percent), due to lower charges for international phone calls during the summer holidays, reduction sales of men’s and women’s clothing, as well as lower prices of gasoline.
The Composite CPI for August registered an increase of 6.42 percent year-on-year.
The average Composite CPI for January to August went up by 5.10 percent over the same period in 2006.
For the 12 months ending August 2007, the average Composite CPI rose by 4.85 percent over the previous period.
The Composite CPI reflects the impact of price changes on the general population.
The CPI-A relates to about 49 percent of households that have an average monthly expenditure of MOP 3,000 to MOP 9,999.
The CPI-B relates to about 31 percent of households, which have an average monthly expenditure of MOP 10,000 to MOP 19,999.
With regards to CPI-A and CPI-B, both rose for August 2007, by 0.57 percent (117.40) and .47 percent (115.23) respectively, compared with July.


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