Year-on-year inflation in Macau is 0.8% in April

24 May 2017

Prices in Macau in April rose by 0.8% year-on-year, driven by the increase in the cost of meals outside the home and school fees, as well as gasoline and external medical appointments, according to the Statistics and Census Bureau.

Noting that the increase registered in April was higher than the one recorded in March (+0.72%), the Bureau also reported that the highest price increases occurred in the Alcohol and Tobacco, and Education categories, with increases of 8.44% and 7.42%, respectively.

The Consumer Price Index recorded a 0.1% increase in monthly terms, compared to March, with steeper increases in the categories of Recreation and Culture (+1.74%) and Clothing and Footwear (+1,70 %).

The inflation rate, as measured by the average of the indexes of the last 12 months over the previous 12 months, rose 1.51%, with the largest increases in the categories of Alcohol and Tobacco (+12 65%), Education (+7.87%) and Transport (+6.58%).

The rate of inflation has been falling almost continuously since 2014, when it stood at 5.78%, the following year falling to 5.62% and to 4.09% in 2016. (macauhub)