Year-on-year inflation in Macau totals 6.80 pct in January

22 February 2012

Macau, China, 22 Feb – Macau’s Consumer Price Index (CPI) posted a year-on-year rise of 6.80 percent in January of this year driven by the rise in the price of meals outside the home and tourist excursions, the region’s Statistics and Census Bureau said.

The Bureau said that part of the price rise seen in those two categories was partially offset by the electricity subsidy and a drop in the price of telecommunications services.

Against January 2011, there were notable rises in the price indices of the categories of Alcoholic Beverages and Tobacco (26.5 percent), Food and Non-Alcoholic Beverages (10.21 percent), Recreation and Culture (10.17 percent) and Miscellaneous Products and Services (9.06 percent).

The rate of inflation, measured as the average variation of the CPI over the last 12 months against the preceding 12 months, posted a rise of 5.96 percent.

In January, the CPI posted a rise of 0.93 percent in monthly terms, mainly due to price rises in the categories of Alcoholic Beverages and Tobacco (13.89 percent) and culture (4.26 percent). (macauhub)