Inflation in Macau totals 5.96 pct in July

23 August 2011

Macau, China, 23 Aug – Macau’s Consumer Price Index (CPI) in July 2011 reached 110.85 points, having risen 5.96 percent against the same month of 2010, mainly driven by rises in the prices of meals outside the home, gasoline and clothing, the region’s Statistics and Census Bureau (SEC) said Monday.

The average general CPI for the 12 months ending in July, against the previous 12 months, rose by 4.59 percent.
There were rises in the prices of goods and services: In the categories of Miscellaneous Products and Services (9.77 percent), Transport (9.71 percent), Food and non-Alcoholic Drinks (8.33 percent) and clothing and footwear (7.35 percent).

The SEC said that the rises were due to the higher price of fresh fish, fresh meat, gold jewellery, gasoline and liquid petroleum gas (LPG), meals bought outside the home and hairdressing and beauty services.

In July the general CPI grew 0.51 percent in monthly terms. The price index of the food and non-alcoholic drinks category rose 1.01 percent, in monthly terms, driven by the rise in the price of vegetables, fresh meat and fresh fish.

The price index for the categories of entertainment and culture, and transports rose by 0.94 percent and 0.85 percent, respectively, due to the growth of prices for tourist trips abroad, as well as of boat and airplane tickets.

In the first seven months of 2011, the average general CPI rose 5.25 percent against the same period of last year. (macauhub)