Year-on-year inflation in Macau totals 6.35 pct in January

24 February 2014

Macau’s rate of inflation posted a year-on-year rise of 6.35 percent in January of this year mainly due to rises in the prices of meals outside the home, home rentals and hairdressing services, the region’s Statistics and Census Bureau said.

Against January 2013, there were sharp rises in the price indices of the categories of Housing and Fuel (11.26 percent), Recreation and Culture (8.18 percent) and Food and Non-Alcoholic Beverages (6.73 percent), along with a general rise in the price of fresh food during the Lunar New Year.

The rate of inflation, measured as the average variation over the last 12 months against the preceding 12 months, rose to 5.51 percent following significant rises in the price indices of Housing and Fuel (10.05 percent), Food and Non-alcoholic beverages (6.64 percent) and Health (6.31 percent).

In monthly terms, the CPI posted a rise of 0.77 percent from December to January. (macauhub)