Year-on-year inflation in Macau rises to 6.12 pct in September

22 October 2013

Macau’s inflation posted a year-on-year rise of 6.12 percent in September of this year mainly due to rises in the prices of meals outside the home, horticultural products, and home rentals, the region’s Statistics and Census Bureau said.

Year-on-year inflation in Macau in August stood at 5.31 percent due to rises in the prices of home rentals, meals outside the home, and foreign travel.

According to the figures published Monday, the price index for the category of Housing and Fuel rose by 10.8 percent and the category of Food and Food and Non-Alcoholic Beverages by 7.45 percent against September 2012.

The consumer price index (CPI) posted a rise of 0.77 percent against August 2013, with rises of 2.08 percent and 1.37 percent in the categories of Education and Food and Non-alcoholic Beverages, respectively.

The rate of inflation, measured as the average variation over the last 12 months against the preceding 12 months, rose by 5.42 percent following significant rises in the categories of Housing and Fuel (9.0 percent), Food and Non-alcoholic beverages (6.77 percent) and Health (6.73 percent). (macauhub)