Year-on-year inflation in Macau totals 5.81 pct in February

22 March 2012

Macau’s Consumer Price Index (CPI) posted a year-on-year rise of 5.81 percent in February due to increases in the prices of
meals bought outside the home, fresh pork, and gasoline, the region’s Statistics and Census Bureau said in Macau.

The year-on-year variation in prices slowed in February, given that in January there had been a rise f 6.8 percent and, as well as this, the rise in February was the lowest since June of last year.

Against February 2011, there were notable rises in the price indices of the categories of Alcoholic Beverages and Tobacco (27.03 percent), Food and Non-Alcoholic Beverages (9.14 percent), and Miscellaneous Products and Services (8.77 percent).

In its turn, the rate of inflation in September, measured as the average variation over the last 12 months against the preceding 12 months, rose to 6.05 percent.

Against January, in February the CPI posted a drop of 0.04 percent due to the drop in the price of tourist excursions outside the territory and of adult clothing seen after the Lunar New Year. (macauhub)