Macau’s consumer prices rise by 6.51 percent year on year

24 October 2011

Macau, China, 24 Oct – Macau’s Consumer Price Index (CPI) posted a year-on-year rise of 6.51 percent in September driven by the rise in the price of meals outside the home and gasoline, the region’s Statistics and Census Bureau said.

In the period, there were significant rises seen in the categories of Transport (10.63 percent), Miscellaneous Products and Services (10.30 percent), Food and non-Alcoholic Drinks (9.30 percent) and Clothing and Footwear (7.0 percent).

The inflation rate in September, measured as the average variation over the last 12 months against the preceding 12 months, rose by 0.22 basis points to 5.11 percent.

In September, the CPI posted a rise of 0.61 percent in monthly terms, with significant rises in the categories of Education, Housing and Fuel and Food and non-Alcoholic Beverages.

In the third quarter of 2011, the CPI rose by 6.21 percent against the same period of 2010 and in the first nine months of 2011 it rose 5.49 percent against the same period of the previous year. (macauhub)