Macau posts inflation of 8.17 percent in August

23 September 2008

Macau, China, 23 Sept – The inflation rate in Macau totalled 8.17 percent in August with the Consumer Price Index (CPI) rising 8.99 percent year on year in the first eight months of the year, the region’s Statistics and Census Bureau said Monday in Macau.

The Bureau also noted that the CPI for August saw an 8.7 percent rise against the same month of 2007 with the price index of Food and non-alcoholic drinks, Health and Clothing and footwear categories seeing a rise of 18.37, 14.36 and 9.86 percent, respectively.

The most significant rises affected rice (74.88 percent), canned meat (66.97 percent), fresh beef (59.22 percent), cooking oil (53.73 percent), freshwater fish (38.63 percent), noodles (35.09 percent), refrigerated or frozen pork (30.37 percent), sea fish (25.57 percent) and meals out (15.04 percent), which all belong to the food and non-alcoholic drinks category.

In the categories of Health and Clothing and footwear there were notable price rises, specifically for doctors appointments (25.43 percent), cloth for clothing (30.30 percent) and ladies’ clothing (13.71 percent).

Against June, August prices posted a rise of 0.02 percent with rises in the Recreation and Culture (1.69 percent) and Housing and Fuel (0.95 percent) categories. (macauhub)