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Macao's inflation narrows to 4.64 pct in August

Xinhua, September 21, 2015 Adjust font size:

Macao's Composite Consumer Price Index (CPI), a main gauge of inflation, increased by 4.64 percent year-on-year in August, the Statistics and Census Service (DSEC) said on Monday.

According to statistics, the CPI growth eased continuously since May, with the rate for August dropping further by 0.12 percent from July.

The increment in August was attributable to higher rentals for dwellings and rising charges for eating out. Meanwhile, receding prices of gasoline and liquefied petroleum gas, as well as lower charges for package tours, slowed the pace of growth, said the DSEC.

The average Composite CPI for the first eight months of 2015 increased by 4.86 percent year-on-year, with the price index of Housing & Fuels; Alcoholic Beverages & Tobacco and Health rising by 9.68 percent, 7.39 percent and 5.81 percent respectively, the DSEC figure indicated. Endi