Latest Headlines
Macao's Inflation Rate Falls to 5-Year Low in May
  ·  2016-06-22  ·   Source:

Macao's composite consumer prices index (CPI), a main gauge of inflation increased 2.64 percent in the year to May 2016, down from 3.02 percent in April, marking the slowest annual pace since August 2010, official figure from the statistics agency showed.

Macao's Statistics and Census Service (DSEC) indicated that the largest contribution to the fall in the rate come from Food & Non-Alcoholic Beverages, Housing & Fuels, and other smaller downward effects from Clothing & Footwear, Communication and Recreation & Culture which decreased 3.93 percent, 0.75 percent and 0.14 percent respectively.

On the contrary, growth in tobacco tax, tuition fees, rentals for parking spaces and prices of motor cars pushed up the price index of Alcoholic Beverages & Tobacco, Education and Transport by 42.69 percent, 8.98 percent and 7.71 percent respectively.

According to DSEC, Macao's CPI for May rose by 0.14 percent on monthly basis. Higher prices of cigarette drove up the price index of Alcoholic Beverages & Tobacco by 4.33 percent. Price index of both Transport and Clothing & Footwear up by 0.82 percent on account of dearer prices of gasoline and women's summer clothing.

On the other hand, notable decrease in vegetable prices offset the rise in prices of fresh pork and eating out, bringing the price index of Food & Non-Alcoholic Beverages down by 0.27 percent. Moreover, price index of Housing & Fuels decreased by 0.09 percent due to lower rentals for dwellings, but rising prices of Liquefied Petroleum Gas curbed the decline.

(Xinhua News Agency June 21, 2016)

China
Opinion
World
Business
Lifestyle
Video
Multimedia
 
China Focus
Documents
Special Reports
 
About Us
Contact Us
Advertise with Us
Subscribe
Partners: China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Global Times   |   Qiushi Journal
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860