Prices in Macau rise 3.88 pct in February

22 March 2016

Annual inflation in Macau in February showed a 3.88 percent increase, marginally higher than that recorded in January (+ 3.81 percent), reported the Statistics and Census Bureau.

The bureau explained the growth seen in February with rising prices of meals bought away from home, the rise in rents of car parks and houses, as well as the increase in prices of vegetables.

In an annual comparison, the Statistics and Census Bureau highlighted significant growth in the price index of the category of Alcoholic Beverages and Tobacco, of 39.20 percent.

The Consumer Price Index in February posted an increase of 0.96 percent compared to January 2016 and the inflation rate measured by the average of the indices of the last 12 months over the preceding 12 months stood at 4.36 percent.

The biggest influence on inflation were the categories of Alcoholic Beverages & Tobacco (+ 23.77 percent) and Housing and Fuel (+ 6.76 percent). (macauhub/MO)