Inflation slows to 2.64 pct in May

2016-06-22 08:00
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Macau’s composite consumer price index (CPI) rose by 2.64 percent year-on-year in May, down further from the 3.02 percent growth in April, representing the lowest year-on-year rise since August 2010, the Statistics and Census Bureau (DSEC) said in a statement yesterday. 

Year-on-year growth in the price indices of food, non-alcoholic beverages, housing and fuels showed a continuous slowdown, the statement said, adding that the indices of clothing, footwear, communication, recreation and culture decreased. 

However, increases in tobacco tax, tuition fees, rentals for parking spaces and prices of motor cars pushed up their respective price indices. 

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