Annual inflation in Macau reaches 3.02 pct in April

25 May 2016

Annual inflation in Macau was 3.02 percent in April, which was due to the increased income from parking, meals bought outside the home, cars and tobacco, reported the Statistics and Census Bureau.

The price increase in April was lower than that recorded a month earlier, when it stood at 3.31 percent, after a peak of 4.0 percent in February.

The Bureau also reported that compared to April 2015 the indexes for the categories of Alcoholic Beverages and Tobacco, Education and Transport were up 37.15 percent, 8.98 percent and 7.60 percent, respectively.

The consumer price index increased by 0.03 percent in monthly terms due to price increases in the categories of Clothing and Footwear and Transport.

The inflation rate, measured by the average of the indices of the last 12 months over the previous 12 months, increased by 4.09 percent due to higher prices in the categories of Alcoholic Beverages & Tobacco (+30.07 percent) and Education (+6.95 percent).

The figures released by the Statistics and Census Bureau indicated that the inflation rate in April was the lowest since at least 2011, when it reached 5.81 percent. (macauhub/MO)