Starting from October 2014, the Statistics and Census Service (DSEC) releases the new CPI series rebased to the period of October 2013 to September 2014. The 2013/2014-based Composite CPI for October 2014 increased by 6.18% year-on-year to 102.67, attributable to higher rentals for dwellings and dearer charges for eating out.

In comparison with October 2013, notable increase was observed in the price index of Housing & Fuels (+12.47%) and Food & Non-Alcoholic Beverages (+5.95%) on account of rising rentals for dwellings and higher prices of fruits, as well as dearer charges for eating out. On the contrary, price index of Communication decreased by 0.15%. The CPI-A (102.76) and CPI-B (101.91) increased by 6.69% and 6.06% respectively year-on-year.

The Composite CPI for October 2014 increased by 0.49% month-to-month. New arrival of Winter clothing and higher rentals for dwellings pushed up the price index of Clothing & Footwear and Housing & Fuels by 2.78% and 1.14% respectively. Price index of Alcoholic Beverages & Tobacco and Transport decreased by 0.88% and 0.37% respectively owing to lower prices of tobacco and gasoline. Meanwhile, receding prices of vegetables and Liquefied Petroleum Gas, as well as lower charges for package tours, tapered off the increase of the Composite CPI. The CPI-A and CPI-B increased by 0.51% and 0.48% respectively month-to-month.

For the 12 months ended October 2014, the average Composite CPI increased by 6.03% from the previous period. Price index of Housing & Fuels (+11.81%) and Food & Non-Alcoholic Beverages (+6.17%) registered remarkable increase, while price index of Communication decreased by 0.60%. The average CPI-A and CPI-B rose by 6.55% and 5.93% respectively.

The average Composite CPI for the first ten months of 2014 increased by 6.09% year-on-year; the average CPI-A and CPI-B rose by 6.60% and 5.98% respectively.

The 2013/2014-based CPI is revised according to the results of the 2012/2013 Household Budget Survey. In comparison with the previous base period, higher rentals for dwellings and increased expenditure in private cars of households drove up the relative importance of Housing & Fuels and Transport; meanwhile, the relative importance of Food & Non-Alcoholic Beverages registered a decline. The 2013/2014-based 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.