Annual inflation in Macau maintains downward trend in October

22 November 2016

Annual inflation in Macau in October continued on the downward trend already observed in the last few months, and stood at 1.33%, down 0.26 percentage points over September, reported the region’s Statistics and Census Bureau.

Growth in October was due mainly to increases in the prices of meals bought away from home, car parks rentals, the costs of building management services, car prices and school fees.

The Statistics and Census Bureau also said the price increase in the category of Food and Non-Alcoholic Beverages (+ 1.68% compared to October 2015) continued to narrow, this category is the biggest household expenditure in the territory.

The inflation rate, measured by the average of the indices of the last 12 months over the preceding 12 months reached 2.75%, the lowest since October 2015.

In monthly terms, prices increased 0.17% compared to September 2016, with the largest increases occurring in the categories of clothing and footwear, alcoholic beverages and tobacco and transport, which rose 3.26%, 0.57% and 0.39%, respectively, due to the launch of winter clothing ranges, as well as increases in the prices of alcohol, gasoline and car maintenance and repair. (macauhub)