Prices in Macau rise 5.99 pct in June

22 July 2014

Year-on-year inflation in Macau rose by 5.99 percent in June, which was lower than the rise of 6.16 percent seen in May due to rises in home rentals and meals outside the home, the region’s Statistics and Census Bureau said.

Compared to June 2013 there were significant rises in the price indexes of housing and fuel (+11.77 percent), food and non-alcoholic beverages (+6.03 percent) and recreation and culture (+5.48 percent).

In June the Consumer Price Index (CPI) posted a monthly rise of 0.50 percent, and the categories of housing and fuel, recreation and culture and clothing and footwear rose 0.96 percent, 0.82 percent and 0.71 percent, respectively against the previous month.

The rate of inflation, measured by the average of the indexes in the last 12 months compared to the previous 12months, rose 5.95 percent, with substantial rises in the categories of housing and fuel (+11.42 percent) and food and non-alcoholic beverages (+6.44 percent). (macauhub/MO)