Inflation rate in 2019 in Macau falls to 2.75%

24 January 2020

The rate of inflation in Macau in 2019 was 2.75%, 45 basis points less than in the previous year, of 3.01%, said the region’s Statistics and Census Bureau.

The General Consumer Price Index (CPI) for 2019 registered an increase of 2.56% compared to 2018, driven mainly by the increase in rents and the price of meals purchased outside the home, fresh pork and gasoline.

Analysing by categories of expenditure it appears that the most significant increases occurred in the price indices of Education (+5.65%), Transport (+4.86%), Food and Non-Alcoholic Beverages (+3.82%) and Health (+3,50%).

In the opposite direction, the price indices of Communications, and Alcoholic Beverages and Tobacco decreased by 1.66% and 0.45%, respectively.

In December 2019 the general CPI rose by 0.20% in monthly terms, pushed by increases in the price of Clothing and Footwear (+1.44%), as well as Recreation and Culture (+1.16%), due to the launch of winter clothing lines and the increase of prices of trips. (macauhub)