Macao's composite CPI up by 2.83 pct in August

Source: Xinhua| 2019-09-21 21:34:57|Editor: Li Xia
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MACAO, Sept. 21 (Xinhua) -- Macao's composite consumer price index (CPI) in August increased by 2.83 percent year-on-year to 116.41, up by 0.23 percentage points from the 2.60 percent growth in July, the special administrative region's statistics department said here on Saturday.

The latest report from the Statistics and Census Service showed that the increment in August was attributable to higher charges for eating out, rising rentals for dwellings and dearer prices of fresh pork, motor cars, gasoline and gold jewellery.

The soaring prices of fresh pork in particular contributed 0.32 percentage points to the growth, the report said.

Among the various sections of goods and services, price indices of education and transport grew notably by 5.83 percent and 5.06 percent respectively year-on-year, whereas the indices of communication, alcoholic beverages and tobacco dropped by 2.53 percent and 0.91 percent.

The composite CPI for August rose by 0.30 percent month-to-month. Higher charges for outpatient services and package tours, as well as increasing prices of gold jewellery, pushed up the price indices of health, recreation and culture, miscellaneous goods and services by 1.95 percent, 1.86 percent and 0.87 percent respectively.

For the 12 months ending August 2019, the average composite CPI increased by 2.92 percent from the previous period, with notable growth in the price indices of education (5.89 percent) and transport (5.21 percent).

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