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Macao's CPI picks up 4.93 pct in May

Xinhua, June 23, 2015 Adjust font size:

Macao's Composite Consumer Price Index (CPI), reflected the impact of price changes on the general households, picked up by 4.93 percent year-on-year in May to 105. 39 from 4.51 percent a month before, which attributable to higher rentals for dwellings and rising charges for eating out, according to information released Tuesday by the city's Statistics and Census Service (DSEC).

Compared with the same period of 2014, notable increase was showed in the price index of Housing & Fuels (+9.93 percent), Health (+6.02 percent), Household Goods & Furnishings (+5.43 percent) and Food & Non-Alcoholic Beverages (+5.16 percent) on account of rising rentals for dwellings, dearer charges for eating out and out-patient services, as well as higher wages of domestic helpers. On the contrary, price index of Alcoholic Beverages & Tobacco was recorded a decrease of 2.07 percent, DSEC figure indicated.

The Composite CPI for May increased by 0.50 percent month-to- month. Higher prices of women's clothing and footwear, rising wages of domestic helpers and dearer charges for out-patient services pushed up the price index of Clothing & Footwear, Household Goods & Furnishings and Health by 1.29 percent, 0.93 percent and 0.92 percent respectively. Moreover, higher prices of Liquefied Petroleum Gas and gasoline drove up the Composite CPI by 0.13 percentage points month-to-month. On the other hand, receding prices of vegetables and seafood tapered off the increase in the price index of Food & Non-Alcoholic Beverages, DSEC data showed .

For the 12 months ended May 2015, the average Composite CPI increased by 5.52 percent from the previous period. Price index of Housing & Fuels, Food & Non-Alcoholic Beverages and Health observed remarkable increase. Endi