Macao's composite consumer price index lower in March

Macao's composite consumer price index (CCPI) in March decreased 0.12 percent over the previous month, standing at 106.63, according to official statistics issued here on Monday.

The government-run Statistics and Census Service (SCS) attributed the decrease of CCPI to the discount offered in long- distance calls, price reduction in the seasonal sales of clothing and lower expense of outbound package tours.

However, the SCS figures showed that the CCPI witnessed a year- on-year rise of 5.19 percent in March, a strong indicator that the incomes of Macao residents have been keeping rising.

Source: Xinhua