January consumer price inflation slows to 4.7 pct

2015/2/27

From:Macau Business

The annual rate of consumer price inflation slowed to 4.7 per cent in January from 5.5 percent in December, official data show.

The Census and Statistics Service attributed January’s lower rate to slower increases in the costs of food and housing, which make up 60 per cent of the basket of goods and services used to gauge inflation, and cheaper transport, which makes up 10 per cent.

The annual rate of housing and fuel price inflation slowed to 11.64 per cent, and food and non-alcoholic drink price inflation slowed to 5.42 per cent.

Transport costs deflated at an annual rate of 1.77 per cent.

Copyright@Macau Business