Soaring food prices pushed Macao's Composite CPI (consumer price index) in May up 8.95 percent year-on-year to 123.35, according to figures released Friday by the city's Statistics and Census Service (DSEC).
The figures showed that the price indices of food and non-alcoholic beverages, health, and transport increased by 18.6 percent, 14.20 percent and 12.15 percent, respectively in May.
Among the subgroups of food and non-alcoholic beverages, notable increase was observed in the prices of canned meat (80.60 percent), fresh beef (69 percent), rice (67.53 percent), fresh pork (58.80 percent), edible oil (57.67 percent), chilled or frozen pork (46.10 percent), etc.
As for the subgroups in housing and fuels, rentals for housing increased by 14.17 percent year-on-year in May, but the DSEC said that the authorities' payout of the electricity subsidy to all local households helped slow down the increment of the housing and fuels index.
The Composite CPI reflects the impacts of price changes on the general population.
In the first five months of this year, the average Composite CPI went up by 8.99 percent over the same period of 2007, and for the 12 months ended May 2008, the Composite CPI rose by 7.40 percent over the preceding period.
The figures showed that the price indices of food and non-alcoholic beverages, health, and transport increased by 18.6 percent, 14.20 percent and 12.15 percent, respectively in May.
Among the subgroups of food and non-alcoholic beverages, notable increase was observed in the prices of canned meat (80.60 percent), fresh beef (69 percent), rice (67.53 percent), fresh pork (58.80 percent), edible oil (57.67 percent), chilled or frozen pork (46.10 percent), etc.
As for the subgroups in housing and fuels, rentals for housing increased by 14.17 percent year-on-year in May, but the DSEC said that the authorities' payout of the electricity subsidy to all local households helped slow down the increment of the housing and fuels index.
The Composite CPI reflects the impacts of price changes on the general population.
In the first five months of this year, the average Composite CPI went up by 8.99 percent over the same period of 2007, and for the 12 months ended May 2008, the Composite CPI rose by 7.40 percent over the preceding period.
