Inflation continues upward trend

2013-8-22

From：Macau Business

The Composite CPI for July 2013 increased by 0.43% month-to-month, according to information from the Statistics and Census Service (DSEC). Higher charges for outbound package tours and rentals for dwellings drove up the price indexes of the categories “Recreation & Culture” and “Housing & Fuels” by 3.01% and 1.03% respectively. For the 12-month period ending in July 2013, the average Composite CPI increased by 5.47% from that of the previous period. Price indexes for “Housing & Fuels” (+8.54%) and “Food & Non-Alcoholic Beverages” (+6.95%) registered marked increases, whilst the index for “Education” decreased by 2.69%. The Composite CPI (123.86) for July 2013 increased by 5.38% year-on-year.

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