Prices in Macau increase 3.81 pct in January

24 February 2016

Annual inflation in Macau registered an annual increase of 3.81 percent in January, reversing the downward trend observed since May 2015, reported the Statistics and Census Bureau.

Growth in January was driven mainly by a sharp rise in vegetable prices, the increase in the prices of meals bought outside the home, as well as house rents and car parks, the Bureau said.

Compared to January last year, the price index of the category of alcoholic beverages and tobacco rose 39.11 percent year on year, with additional increases in the categories of education (+8.91 percent), household equipment and materials for daily use (+5.96 percent) and transport (+5.95 percent).

In January the consumer price index recorded a marginal increase of 0.04 percent compared to December 2015.

The inflation rate, measured by the average of the indices of the last 12 months over the preceding 12 months, stood at 4.48% percent, with the highest increases in the price indices of alcoholic beverages and tobacco (+ 20.55 percent) and housing & fuels (+7.39 percent).

According to data released by the Statistics and Census Bureau the inflation rate has been falling since at least 2011, when it stood at 5.81 percent. (macauhub/MO)