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Inflation rate hits 2.47% in March

Macau’s composite consumer price index (CPI) rose 2.47 per cent year-on-year last month, the Statistics and Census Bureau (DSEC) said in a statement today. 

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Macau’s composite consumer price index (CPI) rose 2.47 per cent year-on-year last month, the Statistics and Census Bureau (DSEC) said in a statement today.

The bureau attributed the increase to higher prices of pork and liquefied petroleum gas (LPG), the higher cost of eating out and rising residential rents.

The sub-index of food and non-alcoholic beverages rose 5.43 per cent, while the one of clothing and footwear fell 4.43 per cent.

Macau’s economy has been severely affected by the COVID-19 crisis since late January, its tourism, gaming, retail and media sectors in particular.

(The Macau Post Daily/Macau News)

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