Year-on-year inflation in Macau slows to 5.04 pct in January

25 February 2013

Macau’s year-on-year inflation in January posted growth of 5.04 percent driven by rises in the prices of meals outside the home, and home rentals, the region’s Statistics and Census Bureau said.

Against January 2012, there were notable rises in the price indices of the categories of Housing and Fuel (10.05 percent), Alcoholic Beverages and Tobacco (7.19 percent), and Health (6.99 percent).

The prices rises seen in January represented a slowdown against December 2012 when year on year inflation totalled 6.11 percent.

Last January the consumer Price Index rose 0.17 percent against December and the average variation over the last 12 months against the preceding 12 months, rose 5.96 percent due to sharp rises in the prices of alcoholic Beverages and Tobacco (28.25 percent) and Food and Non-Alcoholic Beverages (8.22 percent). (macauhub)