The rise in rents and prices of meals outside the home meant pushed the annual rate of inflation in Macau to 6.07 percent in August, the region’s Statistics and Census Bureau said.
Compared to August 2013 there were significant increases in the indices of the categories of housing and fuel (+12.04 percent), food and non-alcoholic beverages (5.93 percent) and miscellaneous products and services (+4.44 percent) as a result of price increases in rents, fresh pork, fruit, meals outside the home and beauty services.
On a monthly basis, in August compared with July, the Consumer Price Index increased by 0.31 percent, with significant growth in rents and prices of liquid petroleum gas (LPG).
The inflation rate, measured by the average of the rates for the last 12 months over the preceding 12 months, posted an increase of 6.06 percent, as a result of increases in the categories of housing and fuel (+11.72 percent), food and non-alcoholic beverages (6.40 percent) and household equipment and materials (+5.82 percent). (macauhub/MO)