Macau’s year-on-year inflation rate at 5.78% in November

27 December 2013

Macau’s Consumer Price Index posted a year-on-year increase of 5.78 percent in November due to higher house rentals and prices for meals acquired away from home and tourist trips abroad, the Statistics and Census Services report.

Compared to November 2012, there were significant rises in the price indexes for the categories of Housing and Fuels (11.12 percent) and Food Products and Non-Alcoholic Beverages (6.48 percent).

In November the CPI rose 0.52 percent in monthly terms, with the price indexes for the categories Apparel and Footwear and Housing and Fuels increasing by 3.23 percent and 1.18 percent respectively.

The inflation rate, measured by the average of the last 12 months over the 12 preceding months, stood at 5.51 percent due to major increases in the price indexes for the categories Housing and Fuels (9.79 percent) and Alcoholic Beverages and Tobacco (6.82 percent). (macauhub)

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