Composite CPI rises to 1.07%

The Composite Consumer Price Index (CPI) for March 2022 (103.39) rose by 1.07% yearon-year. The increment was attributed to higher wages of domestic helpers, higher costs for eating out and electricity tariffs, as well as increasing gasoline prices and airfares. However, the rise was partially offset by reduced residential rentals, falling charges for telecommunication services and lower prices of pork. Among the various sections of goods and services, the price indices of Household Furnishings, and Services and Transport grew by 9.67% and 7.37% year-onyear respectively, whereas the Communication index fell by 10.32%.