Macao SAR (China) - Consumer Price Index (CPI)

For Macao SAR (China), a monthly composite consumer price index (CPI). CPI measures the changes in prices of a fixed basket of goods and services purchased by households. Published by the Statistics and Census Service (DSEC).

Active:

• Classification: UN COICOP
• Measurement: Fixed-base index relative to July 2023 to June 2024 (Index Jul2023 to Jun2024=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Start date (as reported): 1998m1
• Start date (as extended): 1988m1

Predecessor(s):

• Apr2018 to Mar2019=100 - 1998m1* to 2024m9 ("_19")

Global concept aliases:

• CPI

The CPI of Macao is calculated using the Laspeyres Index. First, the average price is calculated for each item of goods and services. For fresh food, the simple arithmetic mean is calculated in two steps. As prices of fresh food are collected multiple times from an outlet in each period, the average price of the food item sold at the outlet has to be first calculated before calculating the overall average price of the item sold at all outlets. For other goods and services, the geometric mean is used to calculate the average price. Secondly, the Simple Index is compiled using the chain-link method (change of the average prices of the current period (t) and previous period (t-1) is multiplied by the index value of the previous period). Finally, the weighted average of the Simple Indices is calculated for higher level and overall indices. 

The goods/services are classified based on the Classification of Individual Consumption According to Purpose (COICOP) of the United Nations.

Moody's Analytics supplement

We have back-extended the index by 10 years using a corresponding series from IMF IFS. We have constructed a seasonally adjusted supplement.

DSEC rebases and revises CPI periodically based on the results of the Household Budget Survey (HBS), which is conducted every five years.

• Aug 2022 - Initial version.
• 4 Dec 2024, Phillip Thorne - Rebased to 2024: Properties.