Year-on-year inflation in Macau totals 5.19 pct in October

22 November 2012

Macau’s Consumer Price Index (CPI) posted a year-on-year rise of 5.19 percent in October of this year, the lowest since May 2011, mainly due to a rise in the price of meals outside the home, the region’s Statistics and Census Bureau said.

Against October 2011, there were notable rises in the price indices of the categories of Alcoholic Beverages and Tobacco (33.73 percent), Domestic Equipment (7.68 percent), and Food and Non-Alcoholic Beverages (7.08 percent).

In its turn, the rate of inflation measured as the average variation over the last 12 months against the preceding 12 months, rose 6.26 percent in October. Against September the CPI rose 0.10 percent.

In October, the price indices of the categories of Clothing and Footwear, and of Food and Non-Alcoholic Drinks rose by 2.87 percent and 0.46 percent, respectively, due to the launch of winter clothing collections and a rise in prices of meals bought outside the home, as well as the prices of fresh fish and fruit. (macauhub)