Macau: Prices rise and push inflation to 6.71 percent in March

22 April 2008

Macau, China, 22 Jan – The inflation rate in Macau at the end of March was 6.71 percent, in a month in which prices saw a rise of 9.49 percent against March of 2007, the region’s Statistics and Census Bureau said Monday in Macau.

According to the Bureau, the 9.49 percent rise was due to “notable” rises in the categories of Food and non-alcoholic drinks, Housing and Fuel and Health, of 16.33, 14.00 and 13.54 percent, respectively.

Between January and March 2008, prices rose 9.09 percent as compared to the same year-ago quarter, with more significant rises seen in the categories of Food and non-alcoholic drinks (16.08 percent), Housing and Fuel (14.32 percent) and Health (13.05 percent).

Against February 2008, the Consumer Price Index in March fell 0.08 percent.

The rate of inflation in Macau in 2007 was 5.57 percent, or 0.37 percentage points more than in 2006. (macauhub)