Year-on-year inflation in Macau totals 6.76 pct in May

22 June 2012

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

Against May 2011, there were notable rises in the price indices of the categories of Alcoholic Beverages and Tobacco (31.93 percent), Food and Non-Alcoholic Beverages (9.90 percent), and a drop in the price of Communications (-5.59 percent).

The rate of inflation, measured by the average CPI for the last 12 months against the previous 12 months, totalled 6.40 percent in May, when the CPI rose 0.66 percent against April, with a rise in the Clothing and Footwear category (3.39 percent) and a drop in the Transport category (-1.02 percent).

The rises were due to summer clothing collections going on sale and the drops were due to reduced fuel prices. (macauhub)