Macau’s year-on-year inflation posts rise of 6.36 percent in March

24 April 2014

Year on year inflation in Macau rose by 6.36 percent in March due to rises in the process of meals outside the home, home rentals and horticultural products, the region’s Statistics and Census Bureau said.

Compared to March 2013 there were significant rises in the prices indices in the categories of housing and fuel (12.37 percent), household equipment and materials for daily use (7.18 percent) as well as food products and non-alcoholic beverages (6.51 percent).

In March the Consumer Price Index rose by 0.38 percent in monthly terms due to a rise in the price of meals outside the home and home rentals.

The rate of inflation, measured by the average of the price indices of the last 12 months compared to the previous 12 months, reached 5.96 percent, due to substantial rises in the price indices of housing and fuel (10.66 percent) and food and non-alcoholic beverages (6.62 percent). (macauhub/MO)