Macau records annual inflation of 4.93 pct in May

24 June 2015

Macau’s annual inflation rose 4.93 percent in May, which was driven mainly by the increase in house rents and prices of meals bought away from home, reported the region’s Statistics and Census Bureau.

Compared to May 2014 there were significant increases in the categories of housing and fuels (+9.93 percent), health (+6.02 percent), household equipment and materials for daily use (+5.43 percent) and food and non-alcoholic beverages (+5.16 percent).

In May the Consumer Price Index (CPI) rose by 0.50 percent in monthly terms.

The inflation rate, measured by the average of the indices of the last 12 months against the preceding 12 months, stood at 5.52 percent, due to substantial increases in the categories of housing and fuel (+11.31 percent), food and non-alcoholic beverages (+5.59 percent) and health (+4.94 percent). (macauhub/MO)