Macau’s composite CPI fell 0.51 in May
(MENAFN) On Friday, June 18, the Statistics Department of the Special Administrative Region (SAR) said that Macao’s Composite Consumer Price Index (CPI) for the last month fell 0.51 percent annually for reach 102.51.
The drop is due to falling pork prices and falling costs for package travel and telecommunication services, according to the most recent report from the Statistics and Census Service (DSEC).
However, the decline was partly offset by higher airfares, high liquefied petroleum gas and fruit prices, rising electricity and catering costs, and soaring salaries for local helpers.
Analyzed by product and service area, the leisure, culture and communications price indexes declined by 10.06% and 7.63% per year each, while the transportation and household furniture and services indexes declined. increased by 2.32% and 2.19%.
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