Information from the Statistics and Census Service indicated that the Composite CPI for December 2007 rose by 0.98% over November to 118.49.
On the other hand, the index of Clothing & footwear recorded a 0.10% decrease due to the commencement of discount sale of men and women's shoes.
The Composite CPI for December 2007 registered a year-on-year increase of 7.12%. For the fourth quarter of 2007, the Composite CPI rose by 1.62% and 6.68% over the previous quarter and the same quarter of 2006 respectively.
In addition, the CPI-A and CPI-B for December 2007 were 119.84 and 118.12, up by 0.84% and 0.93% respectively month-to-month.
The average Composite CPI for the whole year of 2007 was 114.46 and the annual inflation rate was 5.57%, with marked increases in the indices of Miscellaneous goods & services (+3.69%). The annual average CPI-A and CPI-B for 2007 was 115.93 and 114.09 respectively, up by 5.92% and 5.49% over 2006.
The Composite CPI reflects the impacts of price changes on the general population. The CPI-A relates to about 49% of households, which have an average monthly expenditure of MOP 3,000 to MOP 9,999. The CPI-B relates to about 31% of households, which have an average monthly expenditure of MOP 10,000 to MOP 19,999.
Macau - Statistics and Census Service
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