Macau's CPI continues to grow

Macau's CPI continues to grow :: PONTO FINAL :: Portal do Di�rio de Macau - MACAO DAILY NEWS: "Macau's composite consumer price index rose 0.03 per cent in the first seven months on the same period last year, the Macau Statistics and Census Bureau said on Monday. Month-on-month, the index grew 0.38 per cent in July, the fourth consecutive month-on-month growth. Compared with the same month last year, the index increased 1.75 per cent. However, the index still fell 0.64 per cent in the 12-month period that ended in July on the same previous period. Macau suffered had suffered deflationary pressure since 1998. Casino gambling, tourism and textile and garment exports are the chief economic activities of the former Portuguese enclave, which reverted to Chinese rule in 1999. Macau's gross domestic product grew 25.6 per cent in real terms in the first quarter on the same period last year. The city of 451,000 residents enjoyed two-digit GDP growth last year in 2002. "