BUSINESS Macao's composite CPI down 0.51 pct in May

BUSINESS

Macao's composite CPI down 0.51 pct in May

Xinhua

22:59, June 18, 2021

MACAO, June 18 (Xinhua) -- Macao's composite consumer price index (CPI) for May 2021 went down by 0.51 percent year on year to 102.51, the special administrative region's (SAR) statistic department said Friday.

Photo: CFP

The latest report from the Statistics and Census Service (DSEC) indicated that the decrease was attributed to falling pork prices as well as lower charges for package tours and telecommunication services.

However, the decrease was partially offset by higher airfares, dearer prices of liquefied petroleum gas and fruits, rising charges for electricity and eating out, along with increasing wages of domestic helpers.

Analyzed by section of goods and services, the price indices of recreation and culture and communication declined by 10.06 percent and 7.63 percent year on year respectively, whereas the indices of transport and household furnishings and services grew by 2.32 percent and 2.19 percent.

The composite CPI for May edged up by 0.04 percent month on month.

For the 12 months ended May 2021, the average composite CPI fell by 0.50 percent from the previous period from June 2019 to May 2020.

The average composite CPI for the first five months of 2021 decreased by 0.85 percent year on year.

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