Year-on-year inflation in Macau falls to 5.69 pct in September

24 October 2012

Macau’s Consumer Price Index (CPI) posted a year-on-year rise of 5.69 percent in September against the same month of 2011, due to rises in the prices of meals outside the home, and horticultural products, the region’s Statistics and Census Bureau said.

Against September 2011, there were notable rises in the price indices of the categories of Alcoholic Beverages and Tobacco (33.83 percent), Domestic Equipment (7.80 percent), and Food and Non-Alcoholic Beverages (7.40 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 6.39 percent. Against August the CPI rose 0.01 percent.

These figures represent a drop compared to August when year-on-year inflation was 6.33 percent, the rate of inflation was 6.46 percent, and monthly CPI growth was 0.23 percent.

In the third quarter of 2012 the CPI rose 6.02 percent against the same quarter of 2011, with more significant increases in the categories of alcoholic drinks and tobacco, housing and fuel, and food and non-alcoholic drinks and in the first nine months of the year growth totalled 6.29 percent year-on-year. (macauhub)