Year-on-year inflation in Macau rises 4.95 pct in March

23 April 2013

Macau’s inflation posted a year-on-year rise of 4.95 percent in March of this year mainly due to rises in the prices of meals outside the home, and home rentals, the region’s Statistics and Census Bureau said.

Against March 2012, there were notable rises in the price indices of the categories of Housing and Fuel (8.46 percent) and Health (6.81 percent) due to the rise in price of outpatient appointments and house rental prices.

In March the Consumer Price Index fell 0.29 percent against February, driven by a drop in the categories of Recreation and Culture (-6.23 percent) and Clothing and Footwear (-2.90 percent).

In its turn, the rate of inflation in March, measured as the average variation over the last 12 months against the preceding 12 months, rose to 5.88 percent. (macauhub)