Year-on-year inflation in Macau totals 5.83 pct in July

22 August 2013

Macau’s inflation posted a year-on-year rise of 5.38 percent in July of this year mainly due to rises in the prices of meals outside the home, foreign travel, and home rentals, the region’s Statistics and Census Bureau said.

According to the Bureau, against July 2012 there were notable rises in the price indices of the categories of Housing and Fuel (9.04 percent), Health (6.43 percent) and Food and Non-Alcoholic Beverages (6.42 percent).

Against June 2013, the Consumer Price Index rose 0,43 percent, due to a rise in the price of foreign travel and home rentals.

The rate of inflation, measured as the average variation over the last 12 months against the preceding 12 months, in July rose by 5.47 percent following significant rises in the price indices of Housing and Fuel (8.54 percent) and Food and Non-alcoholic beverages (6.95 percent). (macauhub)