Macao’s inflation rate drops 1.18 per cent in January 

The decline is attributed to lower charges for package tours and telecommunications services, gasoline, fresh pork, clothing and footwear.

CPI
Photo by Macau Photo Agency

Macao’s composite consumer price index (CPI) in January dropped by 1.18 per cent year-on-year, the Statistics and Census Bureau (DSEC) has announced.

The DSEC statement attributed the decline to lower charges for package tours and telecommunications services, as well as lower prices of gasoline, fresh pork, clothing and footwear. The statement pointed out that the CPI for last month showed a larger year-on-year decrease as the Chinese New Year fell on January last year, which led to a rise in the prices of certain goods and services at that time.

The composite CPI aims to reflect the impact of price changes on Macao’s general households, according to the statement.