Government to help disadvantaged groups tackle inflation

The government announced yesterday several measurements to tackle inflation effects, in a bid to ensure the quality of life, especially that of disadvantaged groups. To achieve this, it will spend more than MOP50 million. The government will deliver an additional two months’ financial assistance this month to the beneficiaries who are already in the scheme, as well as doubling the amount of the special living allowance in August for the three disadvantaged groups – single parents, disabled persons and chronic disease patients, the Macau Daily Times reported. The government will also extend the food bank initiative for six more months until January 2011. It is estimated that nearly 20,000 people will benefit from such measures. The Composite Consumer Price Index (CPI) for May 2010 increased by 2.76 percent year-on-year, attributable to the price increases of food and non-alcoholic beverages and transport. The average Composite CPI for the first five months of 2010 increased by 1.97 percent year-on-year.