Year-on-year inflation in Macau rises 6.18 pct in October

22 November 2013

Macau’s inflation posted a year-on-year rise of 6.18 percent in October driven by rises in the prices of meals outside the home, home rentals and horticultural products, the region’s Statistics and Census Bureau said.

According to the Bureau, against October 2012 there were notable rises in the price indices of the categories of Housing and Fuel (12.88 percent), Health (6.93 percent) and Food and Non-Alcoholic Beverages (6.70 percent).

In October the Consumer Price Index (CPI) rose 0.15 percent against September, following rises in the categories of Clothing and Footwear (1.42 percent), and Housing and Fuel (0.86 percent).

The rate of inflation, measured as the average variation over the last 12 months against the preceding 12 months, stood at 5.51 percent following significant rises in the categories of Housing and Fuel (9.58 percent) and Food and Non-alcoholic beverages (8.87 percent). (macauhub)