Year-on-year inflation in Macau rises 6.76 pct in April

22 May 2012

Macau’s Consumer Price Index (CPI) posted a year-on-year rise of 6.76 percent in April of this year due to rises in the prices of meals outside the home, fresh meat, and horticultural products, the region’s Statistics and Census Bureau said.

Against April 2011, there were notable rises in the price indices of the categories of Alcoholic Beverages and Tobacco (29.55 percent), Food and Non-Alcoholic Beverages (9.52 percent), and Miscellaneous Products and Services (7.58 percent).

In its turn, the rate of inflation, measured as the average variation over the last 12 months against the preceding 12 months, totalled 6.27 percent.

In April the CPI rose 0.61 percent against March, and the most significant rise was seen in the category of Clothing and Footwear – 4.42 percent – due to the launch of summer collections. (macauhub)