Macau inflation rate totals 5.88 pct in February

24 March 2015

The Macau inflation rate reached 5.88 percent in the 12 months ending in February in against the previous 12 months, according to figures released by the region’s Statistics and Census Bureau (DSEC).

According to the Bureau the Consumer Price Index (CPI) rose 5.88 percent, driven by substantial increases in the categories of housing and fuels (+11.82 percent) and food and non-alcoholic beverages (+5.84 percent).

In the first two months of the year, the average Composite CPI increased by 5.03 percent in annual terms, whilst in February it rose 5.30 percent and 0.90 percent in annual and monthly terms, respectively.

In February, growth was boosted by rising rents and charges for meals bought outside the home as well as the prices of tours during the Lunar New Year, which marked the end of that month.

Against the same period of last year there were significant increases in the price indices of housing and fuels (+10.70 percent), recreation and culture (+9.49 percent) and health (+5.64 percent). (macauhub/MO)