Prices in Macau rise 4.16 pct year-on-year in October

24 November 2015

Macau’s year-on-year inflation in October total 4.16%, maintaining a downward trend that began in October 2014 when inflation totalled 6.18 percent, said the region’s Statistics and Census Bureau.

Similarly to recent growth, the inflation rate was driven by price rises in house rentals and the price of meals outside the home, according to a statement from the Bureau.

Year on year in October there were significant rises in the categories of alcoholic beverages and tobacco (+34.29 percent), education (+8.96 percent) and domestic equipment and materials for daily use (+6.96 percent).

In October the consumer price index recorded growth of 0.14 percent against the previous September, with the main rises seen in the categories of transport (+1.72 percent), clothing and footwear (+1.50 percent) and domestic equipment and materials for daily use (+1.11 percent).

The rate of inflation, measured by the average of the indices of the last 12 months over the previous 12 months, in October totalled 4.91%, with the largest rises in the categories of alcoholic beverages and tobacco (+11.04 percent) and housing and fuel (+9.29 percent).

Similarly to year-on-year inflation, the rate of inflation has also been falling, though more consistently, after in October 2014 it totalled 6.03 percent. (macauhub/MO)

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