Macau’s inflation rate totals 5.81 percent in 2011

26 January 2012

Macau, China, 26 Jan – The rate of inflation in Macau was 5.81 percent in 2011 driven by a rise in the price of meals outside the home, clothing and gasoline, the region’s Statistics and Census Bureau said.

Those three categories together added 2.5 percentage points to the rate of inflation, the upward trend of which was minimised by an electricity subsidy and a drop in the price of telecommunications services.

According to DSEC, in 2011there were substantial price rises in the categories of Miscellaneous Products Services (9.06 percent), Transport (8.75 percent), Food and non-Alcoholic Drinks (8.14 percent), Clothing and Footwear (6.73 percent) and significant drops in the Communications category (-10.67 percent).

As compared with December 2010, the consumer price index (CPI) posted a rise of 6.81 percent in December 2012 due to rises in the categories of Alcoholic Drinks and Tobacco (11.08 percent), Food and Non-alcoholic Drinks (11.02 percent) and Miscellaneous Products and Services (9.00 percent).

In monthly terms, the CPI posted a rise of 0.74 percent from November to December. (macauhub)