Economy

Macao's inflation exceeds 5 pct in May

(Xinhua)
Updated: 2011-06-21 15:30

MACAO - Macao's Composite Consumer Price Index (CPI) for May this year went up by 5.19 percent over the same period of last year, according to the figures released Tuesday by the city's Statistics and Census Service (DSEC).

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It was the second time that Macao's CPI rose over five percent year-on-year this year, following a year-on-year increase of 5.46 percent in March.

Transport, miscellaneous goods and services, food and non-alcoholic beverages, and health recorded notable year-on-year increase of more than 6 percent during the period.

Meanwhile, reduced charges for mobile phone services caused the price index of communication to fall by 8.18 percent year-on-year.

The average Composite CPI for the first five months of 2011 increased by 5.03 percent year-on-year. For the 12 months ending in May 2011, the average Composite CPI rose by 4.09 percent from the preceding period.