CPI declied by 1.5% in May

The Census and Statistics Department the Consumer Price Index (CPI) figures for May 2001. According to the new 1999/2000-based series of Composite CPI, overall consumer prices declined by 1.5% in May 2001 over a year earlier, slightly larger than the 1.4% decrease in April 2001.



Analysed by sub-index, the CPI(A), CPI(B) and CPI(C) fell by 1.3%, 1.6% and 1.6% respectively in May 2001 over a year earlier, compared to the corresponding decreases of 1.2%, 1.6% and 1.4% in April 2001.





The slightly larger year-on-year fall in the Composite CPI in May 2001 than in April 2001 was mainly attributable to enlarged declines in the prices of outer-clothing and certain food items such as fresh fruits and vegetables. These decreases more than offset the effect of a further narrowing in the decline of private housing rentals.

Related stock : (NIL)