Year-on-year inflation in Macau rises 6.22 pct in March

24 April 2012

Macau’s Consumer Price Index (CPI) posted a year-on-year rise of 6.22 percent in March of this year essentially driven by the rise in the price of meals outside the home and horticultural products, the region’s Statistics and Census Bureau said.

Against March 2011, there were notable rises in the price indices of the categories of Alcoholic Beverages and Tobacco (27.94 percent), Food and Non-Alcoholic Beverages (9.50 percent), and Miscellaneous Products and Services (8.35 percent), according to information from the Bureau.

The rate of inflation, measured as the average variation of the CPI over the last 12 months ending in March against the preceding 12 months, posted a rise of 6.12 percent.

In monthly terms the CPI posted a rise of 0.86 percent and the biggest rises occurred in the categories of Food and Non-alcoholic Drinks (+1.83 percent), and Household Items and Daily-Use Products (1.51 percent).

As compared with the same quarter of 2011, the average CPI rose 6.28 percent due to significant rises in the categories of Alcoholic Drinks and Tobacco (27.16 percent), and Food and Non-alcoholic Drinks (9.61 percent). (macauhub)