Year-on-year inflation in Macau rises 4.84 pct in May

24 June 2013

Macau’s year-on-year inflation in May posted growth of 4.84 percent, which was the lowest rate in the last 12 months, as a result of rises in the prices of meals outside the home, outpatient appointments and home rentals, the region’s Statistics and Census Bureau said.

According to the Bureau, there were notable rises in the price indices of the categories of Housing and Fuel (8.66 percent), Health (7.16 percent) and Food and Non-Alcoholic Beverages (5.98 percent).

In its turn, the rate of inflation in May, measured as the average variation over the last 12 months against the preceding 12 months, rose by 5.59 percent, which was also the lowest rate of the last 12 months.

In May the Consumer Price Index (CPI) rose 0.28 percent against April, following rises in the categories of Clothing and Footwear (3.4 percent), and Recreation and Culture (1.57 percent). (macauhub)