Annual inflation in Macau continues on downward trend in July

23 August 2016

Macau’s annual inflation in July remained on a downward trend by recording a figure of 2.08%, down 0.18 percentage points on inflation recorded in June 2016 (+2.26%), reported the region’s Statistics and Census Bureau.

Growth in July was due mainly to a rise in the cost of rent on car parks, the prices of meals bought outside home as well as the price of cars and the increase in costs of buildings management services.

In July prices increased 0.05% compared to June 2016, with more significant increases in the categories of Recreation and Culture (+3.17%) and Transport (+0.24%).

The inflation rate measured by the average of the indices of the last 12 months over the preceding 12 months reached 3.45%, with the largest increases seen in the categories of Alcoholic Beverages & Tobacco (+36.20%) and Education (+8.45%).

A table provided by the Statistics and Census Bureau shows that the inflation rate is currently at the lowest level since 2011, when it stood at 5.81%.

The inflation rate in July 2015 was 5.33% and total inflation for that year reached 4.56%. (macauhub/MO)