Growth in the city’s composite consumer price index (CPI) continued to slow down last month, rising just 2.08 percent year-on-year, a decrease of 0.18 percentage points from the 2.26 percent growth in June, the Statistics and Census Bureau (DSEC) announced yesterday.
A DSEC statement attributed last month’s increase mostly to higher rentals for parking spaces and the higher cost of eating out, as well as increases in car prices and property management fees.
For the 12 months ended last month, the average composite CPI rose by 3.45 percent from the previous period. The price index of alcoholic beverages and tobacco increased by 36.20 percent during the 12-month period.
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